



{"id":13060,"date":"2025-11-12T09:35:24","date_gmt":"2025-11-12T09:35:24","guid":{"rendered":"https:\/\/staging.consultants-immobilier.com\/?page_id=13060"},"modified":"2025-11-12T09:35:24","modified_gmt":"2025-11-12T09:35:24","slug":"what-is-a-private-sales-agreement","status":"publish","type":"page","link":"https:\/\/staging.consultants-immobilier.com\/en\/sellers-guides\/the-stages-of-the-sale\/promise-to-sell\/what-is-a-private-sales-agreement\/","title":{"rendered":"What is a private sales agreement?"},"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_1762939718140{background-image: url(https:\/\/staging.consultants-immobilier.com\/wp-content\/uploads\/2025\/11\/seing_prive.png?id=13061) !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 a private sales agreement?&#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_1762939920928{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][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>private sales agreement<\/b><span style=\"font-weight: 400;\"> refers to a preliminary real estate sales contract drafted and signed directly between the parties \u2014 in other words, without the intervention of a public officer such as a notary. Unlike the authentic deed established before a notary, this document is drawn up under the sole responsibility of the signatories or their representatives (a real estate agent or a lawyer). Once signed, both seller and buyer are bound: the former must sell, the latter must buy \u2014 unless certain conditions are not met, such as obtaining a mortgage loan or the absence of hidden easements. Here\u2019s how it works.<\/span><\/p>\n<h2><b>What exactly is a private sales agreement?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">From a legal standpoint, the private sales agreement is a genuine contract in which both parties make reciprocal commitments. It is called a &#8220;synallagmatic&#8221; agreement under <\/span><a href=\"https:\/\/www.legifrance.gouv.fr\/codes\/article_lc\/LEGIARTI000032042431\"><span style=\"font-weight: 400;\">Article 1372 of the French Civil Code<\/span><\/a><span style=\"font-weight: 400;\">. In simple terms: the seller agrees to sell their property, and the buyer agrees to purchase it at the agreed price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As stated clearly in <\/span><a href=\"https:\/\/www.legifrance.gouv.fr\/codes\/article_lc\/LEGIARTI000006441324\"><span style=\"font-weight: 400;\">Article 1589 of the Civil Code<\/span><\/a><span style=\"font-weight: 400;\">, \u201ca promise of sale is equivalent to a sale when there is mutual consent of both parties on the property and on the price.\u201d This <\/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<\/span><\/a><span style=\"font-weight: 400;\"> has the same legal value as one signed before a notary. As long as it meets the basic validity conditions of a contract (free consent, legal capacity, defined object and price), it produces <\/span><b>exactly the same legal effects<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most sales agreements today are signed privately and then confirmed before a notary a few months later. This approach has become common because it allows a property to be quickly secured while leaving time for financial and legal verifications.<\/span><\/p>\n<h2><b>What\u2019s the difference between a private deed and an authentic deed?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The main difference lies in the notary. A private deed is <\/span><b>written by the parties themselves or their legal advisers<\/b><span style=\"font-weight: 400;\"> and simply signed between them. However, it only gains a certain date upon its registration, the death of one of the signatories, or its inclusion in an authentic deed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/staging.consultants-immobilier.com\/en\/sellers-guides\/the-stages-of-the-sale\/deed-of-sale\/\"><span style=\"font-weight: 400;\">authentic deed of sale<\/span><\/a><span style=\"font-weight: 400;\"> is another matter. The notary who drafts it assumes professional responsibility, verifies everything, keeps the original securely, and can enforce the contract (Article 1371 of the Civil Code).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it\u2019s important to note that for a real estate sale, French law requires a final authentic deed (<\/span><a href=\"https:\/\/www.legifrance.gouv.fr\/loda\/id\/JORFTEXT000000850274\"><span style=\"font-weight: 400;\">Decree of January 4, 1955<\/span><\/a><span style=\"font-weight: 400;\">) to officially record the change of ownership with the <\/span><b>Land Registration Office<\/b><span style=\"font-weight: 400;\">. Without this, you are not legally recognized as the property owner by the State.<\/span><\/p>\n<h2><b>What mandatory information must this agreement contain?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To be legally valid and avoid future disputes, your agreement must include precise and complete information. It must contain at least:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>full identity of the parties<\/b><span style=\"font-weight: 400;\"> (personal details, address, marital status).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>exact description of the property<\/b><span style=\"font-weight: 400;\"> including its type, location, surface area under the Carrez law (Article 46 of the law of July 10, 1965), and cadastral references.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>sale price and payment terms<\/b><span style=\"font-weight: 400;\">, along with the expected date of signature of the authentic deed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>suspensive conditions<\/b><span style=\"font-weight: 400;\">, which are your legal exit clauses in case something goes wrong (loan refusal, discovery of a major hidden defect, etc.).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All required <\/span><b>property diagnostics<\/b><span style=\"font-weight: 400;\">, as mandated by the ALUR law of 2014: asbestos, lead, termites, energy performance, electrical and gas systems, sanitation, etc.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A sometimes bulky file, but essential to inform the buyer of the property\u2019s true condition. Forgetting a key clause could jeopardize or even nullify the sale.<\/span><\/p>\n<h2><b>How does a private signing take place?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A private signing generally takes place <\/span><b>at the real estate agency<\/b><span style=\"font-weight: 400;\"> or at one of the advisors\u2019 offices. Beforehand, a professional <\/span><a href=\"https:\/\/staging.consultants-immobilier.com\/en\/value\/\"><span style=\"font-weight: 400;\">property valuation<\/span><\/a><span style=\"font-weight: 400;\"> will have determined a fair price. On the day of the signing, seller and buyer meet to read the document in full.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In practice, here\u2019s how it goes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Each page is initialed at the bottom.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">On the final page, both parties write \u201cread and approved, agreed\u201d by hand before signing.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This formalism serves to prove that the entire document was read. <\/span><a href=\"https:\/\/www.legifrance.gouv.fr\/codes\/article_lc\/LEGIARTI000032042416\"><span style=\"font-weight: 400;\">Article 1375 of the Civil Code<\/span><\/a><span style=\"font-weight: 400;\"> requires as many original copies as there are parties involved, plus one for the notary.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A deposit is paid that same day. If handled by the agency, the Hoguet Law requires that it be placed in a trust account, ensuring your funds remain secure until the final sale.<\/span><\/p>\n<h2><b>What are the pros and cons of this method?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The private sales agreement offers a key advantage: <\/span><b>speed<\/b><span style=\"font-weight: 400;\">. In highly competitive luxury markets, being able to sign within 24\u201348 hours can make all the difference. Another benefit is <\/span><b>cost savings<\/b><span style=\"font-weight: 400;\">. No notary fees at this stage, which can mean several hundred euros saved.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, there are risks. Without a notary\u2019s guidance, poorly drafted clauses can be costly. A typical example is a <\/span><b>poorly worded mortgage condition<\/b><span style=\"font-weight: 400;\"> that fails to protect you properly. The French Supreme Court (<\/span><a href=\"https:\/\/www.village-justice.com\/articles\/compromis-vente-immobiliere-clause-penale-pouvoirs-juge,38693.html\"><span style=\"font-weight: 400;\">ruling of January 15, 2020<\/span><\/a><span style=\"font-weight: 400;\">) reminds us that, in disputes, ambiguous clauses are interpreted against the professional who drafted them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another practical drawback: you must keep the original document safe. Water damage or a move could mean losing your only proof. For complex setups (real estate companies, divided ownership, historic buildings), it\u2019s best to use a notary from the start.<\/span><\/p>\n<h2><b>Can you withdraw after signing such an agreement?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Yes. The law grants the buyer a <\/span><b>10-day cooling-off period<\/b><span style=\"font-weight: 400;\"> after signing, with no need for justification (<\/span><a href=\"https:\/\/www.legifrance.gouv.fr\/codes\/article_lc\/LEGIARTI000037667917\"><span style=\"font-weight: 400;\">Article L271-1 of the French Construction and Housing Code<\/span><\/a><span style=\"font-weight: 400;\">). The countdown starts the day after receipt of the agreement by registered mail or hand delivery. During these 10 days, the buyer may cancel by registered letter and recover their deposit in full.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the 10 days, only the suspensive conditions allow a withdrawal without penalty (loan refusal, major easement, etc.). Otherwise, if the buyer withdraws without valid reason, they lose their deposit \u2014 typically 5\u201310% of the price, often tens of thousands of euros for luxury properties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the seller withdraws, they must refund double the deposit (<\/span><a href=\"https:\/\/www.legifrance.gouv.fr\/codes\/article_lc\/LEGIARTI000006441327\"><span style=\"font-weight: 400;\">Article 1590 of the Civil Code<\/span><\/a><span style=\"font-weight: 400;\">), and the buyer may even ask the court to compel the sale (<\/span><a href=\"https:\/\/www.legifrance.gouv.fr\/codes\/article_lc\/LEGIARTI000036829851\"><span style=\"font-weight: 400;\">Article 1221 of the Civil Code<\/span><\/a><span style=\"font-weight: 400;\">). Courts often enforce sales when the agreement is clear and precise.<\/span><\/p>\n<h2><b>Is the private sales agreement suitable for luxury properties?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">For high-end properties, the private sales agreement works perfectly \u2014 but caution is required. Prestige transactions often involve complex issues that only specialists master, such as real estate company structures, joint ownership, or property division.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are also tax implications (wealth tax, capital gains, optimization) and specific verifications: tracing ownership over thirty years, identifying hidden easements, or complying with heritage regulations. These subtleties require the expertise of a luxury real estate professional.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In some cases, a <\/span><a href=\"https:\/\/staging.consultants-immobilier.com\/en\/sellers-guides\/the-stages-of-the-sale\/promise-to-sell\/\"><span style=\"font-weight: 400;\">unilateral promise to sell<\/span><\/a><span style=\"font-weight: 400;\"> may serve as an alternative, offering the buyer an option period during which they can decide whether to proceed with the purchase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To fully secure your luxury real estate transaction, <\/span><b>Consultants Immobilier<\/b><span style=\"font-weight: 400;\"> and its network of 17 agencies specializing in high-end properties will assist you at every stage, from valuation to final signing, ensuring the success of your project.<\/span><br \/>\n[\/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_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Discover the private sales agreement, its rules, advantages, risks, and expert advice for your real estate transaction.<\/p>\n","protected":false},"author":6,"featured_media":13062,"parent":8505,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"single-guide.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-13060","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/13060","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=13060"}],"version-history":[{"count":2,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/13060\/revisions"}],"predecessor-version":[{"id":13065,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/13060\/revisions\/13065"}],"up":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/8505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/media\/13062"}],"wp:attachment":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/media?parent=13060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}