If you would like a valuation of your property please contact us on France +33 (0)2 96 29 19 23 or email us on firstname.lastname@example.org and your oval LBV Immo agent will be in contact to make an appointment to come out and see your property.
Your LBV agent will value the property based on their local knowledge of the area, similar properties they already have on their books: and the current market conditions: they will be aware what prices have been obtained for comparable properties recently and they will be honest about what you can expect to achieve in today’s marketplace and discuss that with you.
This is not always the easiest conversation in the world because property prices in France have fallen in recent years, and depending when you purchased your property, depends whether that is immaterial to you because you have owned it for a long time and it’s value has over that time increased: or whether it was bought in the ‘boom’ years around 2006 to 2008 after which prices dropped dramatically.
We all prize our properties, and quite right too, and we as an agency have a vested interest in obtaining a sale for you at the highest possible price: but that price still must be in line with market conditions and to be a price which we can attract someone to pay and we never lose sight of that. We will be honest with you about its value, and because we as a business invest heavily in promoting your property for the whole length of the time we have it for sale, it could be that if we can’t reach an agreement with you as to asking price, we will advise you to market it at the higher price you hope to obtain and if you achieve that – and we hope you do - well that’s great. If you don’t achieve it and wish you reconsider us marketing it at the price we have proposed, then you can call us back and we will swing into action doing our very best to find you a buyer.
That said, of course we hope to reach an agreement with you to market your property: with an asking price which tempts people searching on the internet to ask us for more information so we can start a dialogue with them and book them to view your property!
We will need to gather some information to draw up the necessary paperwork for us to have the right to market your property – that’s called the ‘mandate de vente’, literally, permission to sell the property and we will need you (and any other part owners) to sign showing we have your authorisation to market it.
As you might expect, we need to establish you are the rightful owner of the property and will ask to see your proof of ownership – the deeds which you received when you purchased it – and the description of the property on them at that time. That enables us to see what changes might have been made since that date, or if there are any special aspects of it such as having a well, rights of way (droits de passage), etc.
After signing the mandate for us, the only other obligation you as a vendor need to comply with at this time, is to secure a copy of the ‘diagnostic de performance énergétique’ (DPE) which is a compulsory test of energy levels at the property just like the A to E standard on an electrical appliance you buy nowadays, you must have done prior to your property being marketed. You need to engage a properly qualified expert to assess that and issue the report which will be used on all your marketing with any agency you are using to help sell your property. This is something we can organise for you if you haven’t already had it done.
Our agent will discuss any works that you have had done on the property as well as trying to pre-empt any questions that potential purchasers may have, such as the condition of the fosse septic if there is one, the condition of the roof and the yearly cost of taxes.
They do say a picture paints a thousand words and we will make sure our photographs of the property reflect it in as good a light as we can, whilst not misleading. Unfortunately, we are not able to guarantee the weather and therefore it may be necessary to come back on a separate day to take photographs of the exterior of the property. Our agents know it is important for all photographs that we use high resolution images for marketing purposes so if you do have your own photographs, be aware we can sometimes use them but not always for that reason.
We will upload our description and the photographs
To recap then on the process and some of the jargon you might hear: