The Senioriales are sold Off Plan.

This means that you are buying something that is not yet built
or is part built depending on what stage the development is at. You will be able to choose your plot and view designs and photographs of the residence. You will also be given the opportunity to visit one of our finished residences, so that you can really get a feel for the whole thing in the flesh.

Why buy Off Plan
Buying off plan has many advantages, the two most appealing being the use of a brand new property and a good chance of immediate financial rewards thanks to a capital gain whilst the property is being built. It is for these wtwo reasons why this type of property acquisition has been popular with investors for many years. But today, private buyers are given the opportunity to take advantage of purchasing New Build products, so that they too can benefit.

Once you have chosen your plot and villa, the next step is to sign a Contrat de Réservation.

Contrat de réservation (Pre-contract)
The buyer will usually pay a deposit of around £2100 at this stage and the property is taken off the market. If you are to buy a property with the help of a mortgage it is vital that there is a “subject to mortgage” clause in the pre-contract to protect yourself.

Once the pre-contract has been countersigned at our head office in Toulouse, it is sent to the buyer, who is granted a 7 day cooling off period from the day after receipt of the contract at their home. At any time during this period he or she has the right to withdraw without paying any penalties.

Acte de vente (Deeds)
This will normally take place at the same time as the work begins on the development. The “Acte de vente” is the final contract and is the equivalent to the “property deeds”, the buyer must ensure that the deposit is paid in full to the Notaire. The rest of the funds are paid in stage payments as the building progresses, if there is a loan the bank will make payments to the Notaire directly. Once the Deeds are signed, title transfers to the buyer.