{"id":12015,"date":"2024-12-08T14:30:04","date_gmt":"2024-12-08T14:30:04","guid":{"rendered":"https:\/\/staging.consultants-immobilier.com\/?page_id=12015"},"modified":"2024-12-08T14:30:04","modified_gmt":"2024-12-08T14:30:04","slug":"time-frame-between-the-sales-agreement-and-the-deed-of-sale","status":"publish","type":"page","link":"https:\/\/staging.consultants-immobilier.com\/en\/sellers-guides\/the-stages-of-the-sale\/time-frame-between-the-sales-agreement-and-the-deed-of-sale\/","title":{"rendered":"Time frame between the sales agreement and the deed of sale"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row_content&#8221; content_placement=&#8221;top&#8221; css=&#8221;.vc_custom_1670852810251{background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; el_class=&#8221;back_div&#8221;][vc_column css=&#8221;.vc_custom_1657728499249{padding-right: 15px !important;padding-left: 15px !important;}&#8221;][vc_raw_html css=&#8221;&#8221;]JTNDZGl2JTIwY2xhc3MlM0QlMjJteV9iYWNrX2J1dHRvbiUyMiUzRSUwQSUwOSUwOSUwOSUwOSUwOSUwOSUzQ2ElMjBocmVmJTNEJTIyaHR0cHMlM0ElMkYlMkZ3d3cuY29uc3VsdGFudHMtaW1tb2JpbGllci5jb20lMkZlbiUyRnByb3BlcnR5LWd1aWRlcyUyRiUyMiUzRSUzQyUyMEJhY2slMjB0byUyMHByb3BlcnR5JTIwZ3VpZGVzJTNDJTJGYSUzRSUwQSUwOSUwOSUwOSUwOSUwOSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1733667576084{background-image: url(https:\/\/staging.consultants-immobilier.com\/wp-content\/uploads\/2024\/12\/delai_acte_compromis.jpg?id=12016) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; el_class=&#8221;override_left&#8221;][vc_column css=&#8221;.vc_custom_1657728499249{padding-right: 15px !important;padding-left: 15px !important;}&#8221;][\/vc_column][\/vc_row][vc_row el_class=&#8221;override_pos&#8221;][vc_column][vc_row_inner css=&#8221;.vc_custom_1662026446228{background-color: #e4e4e4 !important;}&#8221;][vc_column_inner][vc_custom_heading text=&#8221;What is the time frame between the signing of the sales agreement and the final deed of sale?&#8221; font_container=&#8221;tag:h1|font_size:37|text_align:center|color:%23040e31&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1733667920820{padding-right: 20px !important;padding-bottom: 30px !important;padding-left: 20px !important;}&#8221; el_class=&#8221;relative_pos&#8221;][\/vc_column_inner][\/vc_row_inner]<br \/>\n[vc_row_inner equal_height=&#8221;yes&#8221; el_class=&#8221;firstblock guide-wrapper-row vc_row-o-equal-height vc_row-flex&#8221; css=&#8221;.vc_custom_1765897502487{background-color: #ffffff !important;}&#8221;][vc_column_inner width=&#8221;4\/5&#8243;][vc_column_text css=&#8221;&#8221; el_class=&#8221;resume_block&#8221;][\/vc_column_text][vc_column_text css=&#8221;&#8221; el_class=&#8221;content_block&#8221;]<span style=\"font-weight: 400;\">The<\/span><b> acquisition of real estate<\/b><span style=\"font-weight: 400;\"> involves several steps. A period of three months generally elapses from the sales agreement to the signing of the final deed. Although the time frame between the sales agreement and the deed of sale may seem long, it is necessary to secure and facilitate your new real estate acquisition. Let\u2019s review the <\/span><b>time frames of a real estate transaction<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><b>What is the time frame between the sales agreement and the deed of sale?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The law has not established a <\/span><b>specific time frame<\/b><span style=\"font-weight: 400;\"> between the sales agreement and the<\/span><b> deed of sale<\/b><span style=\"font-weight: 400;\">. It generally varies between 3 weeks and 3 months. Before understanding the reasons for this duration, it is important to know the various steps in a <\/span><b>real estate sale<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/staging.consultants-immobilier.com\/en\/value\/\"><span style=\"font-weight: 400;\">Real estate valuation<\/span><\/a><span style=\"font-weight: 400;\">: determining the property\u2019s market value;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Property listing: mandatory diagnostics, property enhancement work, document preparation, etc.;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Property advertisement: details about the property for sale, including location, as in<\/span><a href=\"https:\/\/staging.consultants-immobilier.com\/en\/our-properties\/\"><span style=\"font-weight: 400;\"> Paris property ads<\/span><\/a><span style=\"font-weight: 400;\">, for example;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Property visits and negotiations;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Signing a preliminary agreement: sales agreement or promise to sell;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Signing the deed of sale: contract signing, payment of the price, handover of keys, and ownership transfer.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The sales agreement is a unilateral document obliging the seller to sell their property at a determined price. In this case, you are required to pay an <\/span><b>immobilization indemnity<\/b><span style=\"font-weight: 400;\"> of 10% of the property\u2019s sale price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sales agreement is a reciprocal contract in which both you and the seller commit to completing the property sale. It outlines the conditions for completing the sale. It may be a notarized document or a private agreement signed by the parties, possibly with the assistance of a real estate agent. With a<\/span><a href=\"https:\/\/staging.consultants-immobilier.com\/en\/sellers-guides\/the-stages-of-the-sale\/sales-agreement\/\"> <span style=\"font-weight: 400;\">sales agreement template<\/span><\/a><span style=\"font-weight: 400;\">, you\u2019ll know all the elements that must appear in the document.<\/span><\/p>\n<h2><b>What affects the real estate sale time frame?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><b>average time frame<\/b><span style=\"font-weight: 400;\"> of 3 months between the <\/span><b>sales agreement or promise<\/b><span style=\"font-weight: 400;\"> and the signing of the final deed varies depending on the circumstances. Several factors can influence the duration, which can be longer if the situation is complex.<\/span><\/p>\n<h2><b>Withdrawal period<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">After signing the sales agreement, you have a 10-day withdrawal period. During this time, you can withdraw from the sale without cause or penalty. The seller must refund the full immobilization indemnity you paid at the time of the sales agreement or the<\/span><a href=\"https:\/\/staging.consultants-immobilier.com\/en\/sellers-guides\/the-stages-of-the-sale\/promise-to-sell\/\"> <span style=\"font-weight: 400;\">promise to sell<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><b>Preemption rights<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">After the <\/span><b>sales agreement is signed<\/b><span style=\"font-weight: 400;\">, the notary verifies all necessary documents for the deed of sale: title deed, co-ownership documents, etc. They also check for any preemption rights on the property. For example, this applies when a property is rented and the tenant has the right of first refusal. Municipalities may also have an urban preemption right. The mayor has a <\/span><b>maximum period<\/b><span style=\"font-weight: 400;\"> of 2 months to exercise this right.<\/span><\/p>\n<h2><b>Suspensive conditions<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Suspensive conditions are clauses that make the real estate purchase conditional upon the occurrence of a future, uncertain event. Examples include selling a previous property, obtaining a building permit, or securing a mortgage loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><b>time required to secure a loan<\/b> <b>for financing<\/b><span style=\"font-weight: 400;\"> your purchase is a minimum of 30 days. In reality, it takes about 45 to 60 days to obtain funds. If you fail to secure a mortgage, you can cancel the transaction without penalty by providing two rejection letters from two different institutions.<\/span><\/p>\n<h2><b>How is the deed of sale signed?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Once all the<\/span><a href=\"https:\/\/staging.consultants-immobilier.com\/en\/sellers-guides\/the-stages-of-the-sale\/\"> <span style=\"font-weight: 400;\">steps of the sale<\/span><\/a><span style=\"font-weight: 400;\"> are completed, it\u2019s time for the <\/span><b>signing of the final deed of sale<\/b><span style=\"font-weight: 400;\">. This takes place at the notary\u2019s office, and the deed must include all essential information. This authentic document specifies your identity and that of the seller, the sale price, charges, and encumbrances on the property, etc. No withdrawal is possible from this point onward.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is no legal time frame between the sales agreement and the deed of sale. The duration can be shorter or longer depending on each situation. However, it is possible to reduce the typical three-month period by consulting a <\/span><b>real estate professional<\/b><span style=\"font-weight: 400;\">. With their in-depth knowledge of the field, they can help accelerate and secure the <\/span><b>property purchase process.<\/b>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/5&#8243; el_id=&#8221;summary_column&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=&#8221;firstblock&#8221; css=&#8221;.vc_custom_1668613473269{background-color: #ffffff !important;}&#8221;][vc_column_inner][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;&#8221;]<\/p>\n<h2>See other guides<\/h2>\n<p>[\/vc_column_text][sgi_vc_agencies_index][sgi_vc_bloc_guide sgi_vc_bloc_guide_title=&#8221;Deed of sale: definition&#8221; sgi_vc_bloc_guide_subtitle=&#8221;Learn all about the details of the costs associated with the sale or purchase of a property.&#8221; sgi_vc_bloc_guide_page=&#8221;url:https%3A%2F%2Fstaging.consultants-immobilier.com%2Fen%2Fsellers-guides%2Fthe-stages-of-the-sale%2Fdeed-of-sale%2F|title:Deed%20of%20sale%3A%20definition&#8221; sgi_vc_bloc_guide_image=&#8221;8470&#8243;][\/sgi_vc_agencies_index][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Discover the steps and the legal time frame between the preliminary sales agreement and the final deed for a smooth and successful real estate transaction.<\/p>\n","protected":false},"author":6,"featured_media":12017,"parent":6982,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"single-guide.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-12015","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/12015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/comments?post=12015"}],"version-history":[{"count":2,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/12015\/revisions"}],"predecessor-version":[{"id":12020,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/12015\/revisions\/12020"}],"up":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/6982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/media\/12017"}],"wp:attachment":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/media?parent=12015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}