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Buying Old Farm House or Building

Discussion in 'Buying Overseas Property' started by malachi, Sep 16, 2006.

  1. malachi

    malachi New Member

    Hi Friends,
    We are thinking of buying a property with a bit of land to renovate, something like an old farm house or building eg. We would like to buy it cash in the hope we could get a better deal etc. and because I doubt we would ever get a mortgage as I am self-employed and no proof of income etc.
    Can you tell us which is the cheapest area to get the most for your money (Of which we would not have a great amount).
    What are the potential pitfalls with buying cash? Would we get a better deal by looking for small ads for people selling private? Or the old A Vente sign stuck in a field etc.
    Can we strike a deal where we can get one final price i.e. get all fees and Notaires included etc.
    Hope you can help.
    Thanks
     
  2. lukas

    lukas New Member

    Hi Malachi,

    Buying cash is possible but risky because the monies you will save at the purchase could be taken out by the French taxation office. They would find it a bit dodgy and can be severe then.

    Kind regards
     
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