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Post by gigi on Jul 1, 2024 22:45:39 GMT 1
We’ve had an offer on our apartment in the Gard, pretty quick, too - just 2 weeks after signing with an agent. We’re very pleased, although it’s not as much as we hoped for, but not a vast amount away. The person who wants to buy it has a mortgage with her bank confirmed and has increased her offer a little on being told we’d probably turn it down as it had only just gone on the market.
We’ll obviously consider her offer, although after yesterday’s election results, there must be huge concerns about the future - and part of our considerations will be around the uncertain times if the RN should get a high majority.
Any thoughts around that in relation to property?
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Deleted
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Post by Deleted on Jul 2, 2024 0:03:05 GMT 1
Accept the offer gigi would be my advice. You are absolutely right about the uncertain times ahead, so if you are reasonably happy with the offer I would say yes and walk away. It just isn't worth the stress of holding out for more.
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Post by lapourtaider on Jul 2, 2024 5:57:27 GMT 1
Bird in the Hand and all that.
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Post by tim17 on Jul 2, 2024 7:29:59 GMT 1
The market is tough at the moment so I'd accept and push for a quick completion.
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Post by iolar on Jul 2, 2024 7:54:30 GMT 1
Take the money and others are right about the market. I'm still really hacked off about the property I would have paid the asking price for just a few weeks ago. Totally unique in design and location but I never got the chance the owners got scammed by the agent into accepting a lower price.
The fascists will almost certainly be defeated by tactical voting but the whole of mainland Europe has been lurching toward the right for some time. It's flaky wherever you look and the markets are over bought, currencies over priced. The world's biggest economy is a choice between the lying grandson of a pimp who made his money in prostitution in Canada and a doddery old man who supports a racist military regime. Not sure what currency to park our money in, when the property is sold where will you park the cash?
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Deleted
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Post by Deleted on Jul 2, 2024 8:31:23 GMT 1
Don't tell him Pike.
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Post by jardiniere on Jul 2, 2024 10:41:30 GMT 1
Yes, gigi, I would definitely take the offer as it's not so far from what you were hoping for. Or you could just ask the agent to suggest the person's offer is very close to what you would accept, could they up it a little bit? But then if she sticks to her guns, bite her hand off! Mortgage already agreed in these uncertain times ... less stress for you.
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suein56
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Southern Morbihan 56 Brittany
Posts: 7,963
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Post by suein56 on Jul 2, 2024 12:07:19 GMT 1
Jardi makes a good point ref the mortgage already being guaranteed. The conditions associated with mortgages today are definitely tighter than they were.
Slowly property prices are coming down in most areas .. so I would agree with you selling now, if you are happy with the offer.
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mysty
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Post by mysty on Jul 2, 2024 13:16:56 GMT 1
They said property prices would crash in the UK after Brexit and that did not happen. If you don't need the money which I suspect you don't and don't take that the wrong way. Property in the south of France has only ever gone one way and that's up. We have sold more property this year than we have sold for a long time, even if Le Pen takes over property prices will not collapse. If they are 40/50 thousand under the asking price I would say no. If your just talking 10/20 then you can always ask for a little more. Most people buying down your way would need a mortgage. Well done.
Edit stress
It's always around the corner 😄
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Post by gigi on Jul 2, 2024 16:41:42 GMT 1
Thank you all.
I was happy to accept the offer but my husband tended towards waiting for other buyers to come along, as it’s so recently been put on the market; we accepted the offer this afternoon.The offre d’achat has arrived, been signed and returned.
We won’t be moving out until the end of September so we can get one last visit in, hopefully after the worst of the heat, although the end of September and early October were unusually hot.
edit: in 2023.
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mysty
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Post by mysty on Jul 2, 2024 21:56:12 GMT 1
Gigi, can I ask you how long you owned the property and what it cost back then?, not asking what you sold it for. 💰
Why you may ask.
Probably about 20/25 years ago we looked at a studio apartment facing the sea at La Napoule it was 100.000, we did not have the money or much income back then but thought one day we could buy one there. Today they sell for 400.000 plus depending on the size of the balcony. If you want one with a couple of bedrooms and panoramic sea view it's really silly money. Most locals cannot buy there which is wrong as most are holiday homes. I do not see these prices ever coming back down it might happen in some of the cities where prices have gone through the roof but not down in the South of France.
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Post by gigi on Jul 3, 2024 14:52:20 GMT 1
We bought a one bedroom apartment with balcony facing our park with swimming pool off plan in 2008, which cost €193,000. On top of that we needed to have a kitchen installed - only a sink and one unit were provided. We’re an hour or so away from the Med, but Uzès is a lovely little town, which we fell for about 20 years ago.There hasn’t been a huge jump in prices in the area such as you illustrate, Mysty.
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Nifty
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Post by Nifty on Jul 4, 2024 9:53:28 GMT 1
.’ Any thoughts around that in relation to property?.
Dépends upon your circumstances and if you like gambling.
cash is doomed.
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suein56
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Southern Morbihan 56 Brittany
Posts: 7,963
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Post by suein56 on Jul 4, 2024 10:43:22 GMT 1
Cash is still King (or Queen) if you are buying property Nifty. If a property has a list of potential buyers who have all offered at the full price then the 'dossiers' are studied and it is usually the person who has the money available immediately who gets the property.
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suein56
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Southern Morbihan 56 Brittany
Posts: 7,963
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Post by suein56 on Jul 4, 2024 10:52:08 GMT 1
There hasn’t been a huge jump in prices in the area such as you illustrate, Mysty. Hereabouts even during Covid, but when restrictions eased slightly, properties shot up in value. People wanted to escape from the towns and cities and live somewhere agreeable whilst on 'télétravail'. The situation became farcical with awful properties being given a quick lick of paint and a new lino floor and then put on sale at a stupidly high price. Most of them sold too as people seemed feverishly desperate to get a foothold here. Now, thankfully, the market is calming down slowly and prices are stabilising.
Edit : Tho properties in energy Group F are still on sale at daft prices - they would cost a small fortune to bring up to level C, which is what I believe is required. Tho many of them do have a good position, which counts.
I know of one that is being demolished and rebuilt (possibly because it was Group G) after being rented out as a summer let for at least the past 30 or so years. Money talks.
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