October 12, 2011
Navigating the real estate scene in France can be tricky ? even more so when you are unfamiliar with the labyrinthine bureaucracy and unusual quirks the French can be known for.? Adrian Leeds, who specializes in helping Americans negotiate the market to secure their dream pied-?-terres in France,? just recently ventured into the market in Nice. She shares a few anecdotes? from her colorful experiences here. -Genevi?ve
The beach in Nice:?Marisa Williams
Years ago I set my eye on the goal of purchasing a ?pied-?-terre? in Nice for a long list of reasons:
1. Nice is nice. Let?s face it, it?s the Riviera, the C?te d?Azur, the land of the rich and famous with the blue Mediterranean Sea, balmy weather, palm trees and Italian flavor. What could be so bad?
2. Property in Nice and its environs is increasing in value on a steady basis. With an international airport and an active port, the coast is France?s second hotspot, after Paris of course. This makes Nice and just about all of the neighboring coast an excellent real estate investment.
Nice -?Marisa Williams
3. R and R?the moment you land at Nice?s modern airport and head down the Promenade des Anglais under the swaying palms with the sea at your side, stress just melts away. Traveling to Nice from Paris is fast and inexpensive, making weekend getaways an accessible antidote to the cold, gray, rainy winters in Paris.
4. Rental potential of vacation apartments, particularly for the North American market, is looking good. While the British and Italians are well served by their own compatriots who have been in on the secret for decades, Americans have been overlooked. Americans want and expect a higher standard of luxury and service than their European counterparts know how to provide and, up until now, have mostly had to resort to the hotel route to enjoy those amenities. From a business perspective, Nice was looking awfully nice to me.
Cute streets in old Nice?Marisa Williams
After some initial research, however, I discovered that doing business in Nice wasn?t as nice as the scenery led me to expect. The Ni?ois have their own way of doing things that can take some getting used to. After a few rough bumps, I decided that my number 5 reason for purchasing there was, in fact, to help pave the way for fellow Americans. Since negotiating the sometimes-surly real estate scene in France is my specialty, I knew that if I figured it out for myself, I would be able to help others do the same.
Nice ? ?buildings and passageways:?D?Alk; Julieta Alvarez
In one situation I experienced, a purchase was retracted during the 7-day ?d?lai de r?tractation? period (note: during this legal period, the seller may retract their acceptance of the buyer?s proposal). The agency representing the seller, instead of trying, as common sense would dictate, to recuperate the loss of the purchase by proposing other properties to the buyer (the way things are usually done), actually issued a letter that said: ?Dear Madam, We do not believe at all in your good intentions and are sure that even if we had something else to propose, we would offer it to everyone but you. Good riddance!?
In another, the Notaire representing the seller actually refused to stay and assist her client, leaving both the buyer and seller on their own to negotiate a few final details and review the complicated pre-sale agreement stating, ?When you?re ready, I?ll send in my secretary for you to sign!?
The main beach by the Promenade des Anglais in Nice:?Erica Berman
Recounting these trials and tribulations is not meant to scare the would-be buyer, but to emphasize that an investment can be made in Nice with great confidence, as long as it?s done with professional help acting on behalf of the buyer to protect him or her.
After much deliberation and trial and error, I have finally purchased an apartment in Nice, in the district known as the ?Carr? d?Or? ? just a short walk to the beach on a pedestrian street of the city?s chicest shops. One of our clients is purchasing the adjacent apartment and by the end of 2011, we will have two luxury apartments outfitted to American standards, ready to accommodate a total of 10 visitors in a beautiful ?bourgeois? building.
This is just the beginning of a new and exciting adventure on the Blue Coast of France.
The famous Promende des Anglais walkway in Nice:?Erica Berman
Related Links:
- HiP Paris friend Rosa Jackson, a Nicoise herself, shares one of Nice?s most typical dishes: the Pissaladi?re
- Tartelette has another recipe of a typical dish of the region, Les Petits Farcis
- If you are interested in buying in Nice, feel free to get in touch with Adrian directly at adrian@adrianleeds.com
Written by Adrian Leeds ?for the?HiP Paris Blog. Looking for a fabulous vacation rental in Paris, Provence, or Tuscany??Check out?Haven in Paris.
Written by French Property Consultation
Website: http://www.frenchpropertyconsultation.com/
Tags: buying property in france, buying property in the south of france, carr? d'or, Cote d'Azur, France, Nice, Promenade des anglais, Real Estate, Riviera
Posted in Homes, Travel | 2 Comments ?
Source: http://hipparis.com/2011/10/12/buying-in-nice-negotiating-real-estate-a-la-nicoise/
cool baku wisconsin badgers football wisconsin badgers football ifa aim doha
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.