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L‘agence / infos utiles

informations immobilières et juridiques

The agency can provide you with all the information that you require concerning all aspects of real estate in Chamonix and its vicinity.
If you are investors or future residents, Swiss, Belgian, English or Italian, we have the answers to your questions!

1. THE PROCESSES OF BUYING AND SELLING

The acquisition process takes place in several stages :

  • Agreement on the price of the property.
  • Calculation of "notary fees", about 7 to 8%.
  • Pre-sale agreement: signature and deposit (between 5 and 10% of the price of the property).
  • The agreement, signed by all parties, is sent to the purchaser and a cooling off period (10 days, SRU law) is respected.
  • Mortgage application, conditional clauses (45 to 60 days).
  • Authentic act (3 months), without loan (2 months).

The sale will take place in several stages and will be definitive only at the signature of the authentic act: 5 steps: - Agreement on property and price (+ notary fees about 7%) – Pre-sale agreement 5-10% deposit) - After signature of all parties, SRU cooling period deadline (10 days) – Conditional clauses - loan (60 days) - Authentic act (3 months), without loan (2 months)

2. ACQUISITION COSTS

Acquisition fees (often incorrectly called "Notary fees") are added to the purchase price of a property. They represent between 7% and 8% of the selling price of a property (reduced to between 2% and 3% for a new build).

These are essentially conveyancing fees and various taxes, that the purchaser pays to the State. Officially called “droits de mutation” (transfer duty), these funds are collected by the Notary.

Since 1st January 2014, transfer duties have increased, now representing 5.80% of the selling price, compared with 5.09%. The amount paid to the Notary, (emoluments) decreased by 1.4% on January 1st, 2016.

Acquisition costs are paid entirely by the purchaser.

To summarise, acquisition costs include:

  • Taxes and duties
  • Costs: Payments made by the Notary on behalf of his client to various parties (mortgage registrar, land surveyor, syndic) for documents and information necessary for the completion of the act.
  • The Notary’s pay : emoluments.
3. THE FEDERAL LAW ON SECONDARY RESIDENCES

20th March 2015 (becomes effective: 1st January 2016)

What has changed with our Swiss neighbors, from Lausanne to Geneva to Valais!

Via a referendum the Swiss people have decided to limit the number of second homes in tourist towns.
As a result, municipalities with a proportion of secondary residences of more than 20% must follow new guidelines concerning the construction and use of new housing or the modification and use of existing dwellings.

What will be the impact on the French real estate market?

The immediate effect of this law has been to reduce the number of secondary residences available in Switzerland and thus increase their price due to the effect of supply and demand.

The potential purchasers of secondary residences residing in the cantons of Geneva, Lausanne and as far as Valais, (cantons bordering Haute-Savoie), have been very active since the introduction of this law and demands for chalets in Chamonix and its valley have increased sharply.

It is extremely esay to cross the border to Chamonix.

Martigny in Valais is 40 minutes away by train and Geneva 1 hour by car.

There is an abundance of real estate options to discover just a short drive away!