{"id":29366,"date":"2017-11-27T20:00:10","date_gmt":"2017-11-27T19:00:10","guid":{"rendered":"https:\/\/blogs.transparent.com\/french\/?p=29366"},"modified":"2017-11-25T20:25:12","modified_gmt":"2017-11-25T19:25:12","slug":"buying-a-house-in-french","status":"publish","type":"post","link":"https:\/\/blogs.transparent.com\/french\/buying-a-house-in-french\/","title":{"rendered":"Buying a House (in French)"},"content":{"rendered":"

My husband and I recently bought our first house. It has been a welcome distraction, especially since we lost someone very important to us this year and we were getting lost in our grief. But it has also been chaotic, time-consuming, and a little scary, too! There are lots of things that I wasn’t familiar with before (honestly, I had no idea what a title actually was!) that I now feel quite well acquainted with. All of this got me thinking about the vocabulary surrounding buying a house in French!<\/p>\n

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Courtesy of Pixabay<\/p><\/div>\n

Maybe you’re buying property in France or maybe you’re just curious about the vocabulary. Whatever it is, it doesn’t hurt to know these French terms.<\/p>\n

The first term to come to mind when buying a house is the mortgage. In France, as elsewhere, there are different kinds of mortgages. The standard kind of mortgage is known as un\u00a0<\/em>pr\u00eat amortissable<\/em>\u00a0or\u00a0un\u00a0pr\u00eat classique.\u00a0<\/em>In this mortgage, you finance typically 80% of the home value and pay back the principle plus interest over a set amount of years. An interest-only mortgage is known as\u00a0un<\/em>\u00a0pr\u00eat in fine.\u00a0<\/em>There are also different terms of repayment and financing, including un<\/em>\u00a0pr\u00eat modulable,\u00a0<\/em>or a “flexible mortgage,” in which your repayment plan changes depending on your financial circumstances. Un<\/em>\u00a0pr\u00eat \u00e0 taux r\u00e9visable cape\u00a0<\/em>is a certain kind of mortgage that offers varied interest rates, typically capped at around 2 or 3%.<\/p>\n

In France, the annual percentage rate (APR) of your loan, or the real rate that you have to pay back your principle, is known as\u00a0le<\/em>\u00a0Taux Effectif Global (TEG).\u00a0<\/em><\/p>\n

When you enter into a contact on a property, this is known as the\u00a0promesse de vente<\/em>\u00a0or a\u00a0compromis de vente.\u00a0<\/em>A survey is known as\u00a0un<\/em>\u00a0diagnostic immobilier.\u00a0<\/em>Of course, as elsewhere, there are fees that need to be paid when closing on a house that are not related to the mortgage or interest. In France, these fees are known as\u00a0les\u00a0<\/em>frais de notaire<\/em>, and they can be substantial. These include certain\u00a0registration taxes, called\u00a0droits d\u2019enregistrement<\/em>, and other taxes.<\/p>\n

As you can see, in many ways buying a home in France is similar to buying a home in the United States, for example. But there are also many differences. We’ll go over more vocabulary and more particulars next time!<\/p>\n","protected":false},"excerpt":{"rendered":"\"\"

My husband and I recently bought our first house. It has been a welcome distraction, especially since we lost someone very important to us this year and we were getting lost in our grief. But it has also been chaotic, time-consuming, and a little scary, too! There are lots of things that I wasn’t familiar…<\/p>\n

Continue Reading<\/a><\/p>","protected":false},"author":123,"featured_media":29367,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[13],"tags":[408503,432,507475],"class_list":["post-29366","post","type-post","status-publish","has-post-thumbnail","hentry","category-vocabulary","tag-free-french-lesson","tag-french-vocabulary","tag-home-buying-in-france"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t