Which diagnostic assessments must be carried out for a real estate transaction in France?
Mandatory Inspections for a Real Estate Transaction
The inspections required for a real estate transaction depend on several factors: the type of property (residential or not, single-family home or not), its geographic location (whether it is in a risk zone or not), and its construction date. The list of mandatory inspections for a property sale is established by law.
Most of these inspections must be carried out by a certified and insured professional. This professional can inform the seller about which inspections are required based on the nature and location of the property being sold.
The validity period of the inspections varies depending on the type of assessment. The shortest validity period for certain inspections is six months. Ideally, the seller should provide valid inspections before signing the preliminary sales agreement or promise to sell. The cost of conducting the inspections is borne by the seller, and it may vary depending on the chosen inspection company and the type of assessment required.
The purpose of these inspections is to inform the buyer about any potential risks associated with the property. If these inspections are not provided, the seller may be held liable for any damages caused by an issue that should have been identified.
Conversely, if the inspections are properly conducted, the seller is not responsible for any damage that may arise after the sale, as the buyer is considered to have purchased the property with full knowledge of its condition.
If the inspections are incorrectly performed, the inspector may be held liable to the buyer for any undetected issues.
Ultimately, despite the cost, real estate inspections are highly beneficial for both the seller and the buyer, as they provide essential information about the property’s condition.
How We Can Help
Chassaint & Cerclé Notaires assists both individuals and professionals with the necessary procedures for buying or selling real estate.
- For more information on real estate acquisition: Click here.
- For more information on property sales: Click here.
