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Signing the preliminary sales agreement is one of the essential steps in selling a house. However, it's important to understand that this signing is only the beginning of a process that will culminate in the signing of the final deed of sale. Generally, at least three months elapse between these two signings. Why such a delay? Here are the main factors that explain this wait.
The buyer's withdrawal period
In France, the buyer has a ten-day cooling-off period after signing the preliminary sales agreement. During this time, they can withdraw from the transaction without having to provide a reason. This reflection period is an essential safeguard, allowing them to reconsider their commitment with complete peace of mind. In the event of withdrawal, the deposit paid upon signing the preliminary agreement is fully refunded.
The fulfillment of the suspensive conditions
The signing of the final deed of sale is often conditional upon the fulfillment of certain suspensive clauses included in the preliminary agreement. house for sale in Sainte-Marie-de-Ré. One of the most common conditions is the buyer obtaining a bank loan. If the loan is refused, and the suspensive condition is not met, the preliminary sales agreement can be cancelled without penalty for the buyer.
The gathering of administrative documents
Before signing the final deed, it is necessary to gather a number of administrative documents. These include:
- The civil status of the parties
- Urban planning documents
- The origin of the property
- Mortgage statements
- Technical diagnostic reports
