Selling real estate can take time. In addition to the publication of the advertisement, the organization of the visits as well as the negotiations with the future buyers, certain administrative procedures can considerably lengthen the time of sale. Among the steps requiring long waits, there is the time that elapses between the signing of a sales agreement and the signing of the authentic deed of sale. In fact, it is generally customary to grant a period of three months between these two signatures.

What is the maximum duration between the sales agreement and the authentic deed of sale?

The sales agreement, also known as the synallagmatic promise of sale, is a legal document, drawn up and signed by a notary or “under private signature”. It allows to set all the conditions of realization of the sale. Call on Ange d’Azur to benefit from a tailor-made service for the sale of goods on the Côte d’Azur. The period of validity of the sales agreement indicates the date on which the signing of the deed of sale will take place. It depends on a deadline, which will be set by the various suspensive clauses attached to the contract. The deadline is set by the seller and the buyer. It is mentioned in the sales agreement contract. Sufficient time must be provided to validate all suspensive clauses.

The period of extension of the validity of the sales agreement

The sales agreement is valid until the deadline provided for in the contract, except in the event of extension by mutual agreement. However, the notary can postpone the signing of the deed of sale on the deadline does not allow to validate all the suspensive clauses. It also happens that one of the two parties wishes to postpone the signing of the authentic deed. In this case, she must make a request. If it is accepted, an amendment is then signed by a common agreement between the seller and the buyer in order to set a new deadline.

The withdrawal period for a sales agreement

The buyer has a withdrawal period of ten days from the transmission of all the documents required for the drafting of the sales agreement and the signature of the latter. This period is provided for by articles L.271-1 and L.271-2 of the Construction and Housing Code. It is compulsory and its duration is incompressible. During the legal withdrawal period, the purchaser may withdraw from the sale, without reason or any financial penalty. Consequently, the seller must return the fixed compensation he has received. In general, the amount of compensation is 5 to 10% of the sale price. Sell ​​your property on the Côte d’Azur in peace and security, contact Ange d’Azur.