Thursday, 13 October 2016

Obtaining a French property valuation

Ask the Experts

"I have owned a house in Vendée for 16 years and am thinking of selling it. I recently had an estate agent give me a valuation and was surprised when I had to ask for a written quotation and was asked to bring in documents of proof of ownership for their files. I was expecting them to direct me to a notaire. I did ask about a notaire dealing with it but was told they would carry out the sale. Is this the normal thing in France?"

Peter Elias of estate agency Allez Français ( replies:

There are many methods of estimating the value of a property in France. Fully qualified experts are known as experts immobilièrs and they charge for this service; by comparison, estate agents will generally provide a valuation free of charge.

Some agents – and this could be the case if yours is a modern property – want to see the ownership documents and then calculate the appropriate value from the square metre surface habitable of the property, based on local values.

By way of example, we tend to use a range of tools and knowledge to calculate a value. We would still want to see the proof of ownership documents demanded here, but we would visit the property to see its location and condition a first hand, and factor in matters such as the quality of renovation and the state of the kitchen, bathrooms and heating system. Proximity to airports, train stations, schools, shops and other services would also be considered.

Without a complete set of diagnostics, we are reluctant to advise accurately on price. How can you, for example, confirm a valuation if you do not know if the electrical installation is up to date, or the fosse septique conforms to the regulations? Unfortunately, some agents do offer assurances to their vendors despite not knowing the outcome of these reports.

Some notaires also as estate agents, but their advertising tends to be very limited and they may only find you a local buyer. You can of course appoint a notaire in addition to an estate agent if you wish.

You do not say whether this is a main residence or second home – if the latter, then capital gains tax could be another issue that needs to be taken into consideration.

This article is featured on page 84 of the October edition of French Property News.

Monday, 10 October 2016

Allez-Français Annual Conference

(Which could also be described as a team get-together!)

Our annual "reunion" took place on 7th & 8th October at the superb venue of Chateau Castel Novel on the outskirts of Brive. to a certain extent, this is a team building event, but also an investment in our agents, and a reward for their hard work. As well as the Banquet Dinner on Friday evening, we also visited the Denoix distillery for a tour of their facility on Friday afternoon.

The main goals of team-building are undoubtedly to improve productivity where possible and maintain or even improve motivation. By taking our agents out of an office environment really helps eliminate distractions, and for us all to share a bit of relaxation. Because we cover such a wide area of S W France, the number of times when we can really get together are very limited. This time we had the added bonus of being joined by Christian Perron, MD of JeSuisAgentImmobilier, plus Adam Bobroff & Tom Taylor at Foremost Currency.

As a company, we have been "licensed" as agents for over 10 years now, and this has always been a really good relationship. Foremost Currency have also been our "currency partners" for clients since their business was established over 10 years ago.

In a world where attention is constantly focused on making the client happy, some agencies forget about their most valued asset — their agents.

Afterwards the feedback was that the team realise how lucky they are to be part of a company that values every individual as a person and also as a team member. For us all, this was seen as an opportunity to ignite creativity and share ideas. At Allez-Français we have always encouraged / coached our agents to "run their own business as a business within our business", and we provide the proven business methods as a guide plus 1st class real estate systems (including software) which ultimately steers our agents towards success.

We are a small team, (5 couples), with no superstars, and no big egos. We share similar values, and have the same ideas about customer service, and how we present our company. It is important for us, that we use events like this to reinforce those values, and reward everyone, so that they feel special.


Friday, 30 September 2016

Guest blog: What moves exchange rates?

Yesterday proved to be a relatively quiet day for GBP crosses due a quiet week for economic data so far, and little headline news related to Brexit. GBP/EUR closed where it opened at 1.1600, and GBP/USD did little more only fluctuating within a 40pip range between 1.2990 and 1.3030.

GBP/EUR exchange rate graph for 28/09/16

In today’s report I am going to explain the process behind data driven rate movements, and how having a dedicated broker will add considerable value to your individual requirement.

There are so many factors responsible for the movement of exchange rates that it is impossible to focus on them all. When trying to foresee potential movements, the main culprits are economic data, major political news, natural disasters, and international incidents such as terrorism, with the most predictable of these being data. Those of you following the currency markets I’m sure will have witnessed sudden jumps on rate graphs and possibly thought to yourself “what has caused this vertical line?” More often than not ‘eco-data’ is the culprit.

Although eco-data is predictable in timing, it is not predictable in results. In the run-up to an eco-data release a consensus is published, providing an indication of what the release is expected to demonstrate. This figure is then accounted for and priced in to the market, often causing rates to move in anticipation during the few sessions preceding the announcement.

So why the sudden movements?

On release of the data should the actual figure differ from the predicted in either direction, you will almost always witness a market correction. Which direction this will be is entirely reliant on whether the number is better or worse than forecast, and its severity directly related to the magnitude of the difference.

Our Job for you

Our job here at Foremost Currency Group is not to predict these numbers, but to inform you of their approach, their significance, and in turn their potential to affect your upcoming transaction. Once you have spoken with ourselves, you will be assigned a dedicated account manager who will be your one point of call to guide you through the entire process from start to finish, and beyond.

We will spend as long as it takes to gain a full understanding of your requirements, including your time frames and appetite for risk, to then work with you to put a bespoke plan in place aimed at maximising your return, whilst ensuring you don’t get hit by a surprise adverse movement.

Get in contact

With the currency markets being one of the most unpredictable entities known. It is always worth having as many sets of eyes and ears on your side as possible. If you have an upcoming international transfer then there is no time like the present to get in contact with Foremost Currency Group. We have a range of contracts available to you, designed to protect your interests, and mitigate the inherent risk of a forever moving market. A

Dedicated contact

Allez-Français have 2 dedicated dealers in Adam Bobroff & Tom Taylor to secure preferential rates for our clients. Give us a call on +44 (0) 1442 892060 and mention Peter Elias at Allez-Français to get the best rates

Adam Bobroff

The Foremost Currency Group

+44 (0) 1442 892060

Thursday, 22 September 2016

Selling a manor house or château?

Allez-Français have for some time been involved with marketing high-end property and indeed we have our own Prestige website where around 75 of the best properties are featured.

We are enjoying increasing success in this market sector, because we have very targeted marketing and we also spend more time preparing our properties before they are presented.

We are very keen to hear from you if you are thinking of selling a manor house or château in south west France.

Please email me

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Allez Francais - French Property Agents - Property for sale in south west France

Tel. +33 (0)5 55 28 46 40


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