When looking for your property in Monaco, our agency is at your side to help you make your choice. We advise you throughout the buying process.
Entrusting your project to our expert agency will simplify the process of buying your property. All you have to do is tell us the following:
Armed with all this information, we can offer you properties that are for public sale, as well as those that are for sale on a much more confidential basis. This is our added value as a local agency with a command of the market. Indeed, our partners tell us about the "off-market" offers. A real estate market that is not displayed in the windows of agencies or on websites dedicated to “Le Rocher” real estate.
We will visit with you the properties that have caught your attention and help you to appreciate their real value. We will conduct discussions with the seller on your behalf, under your supervision and according to your expectations in terms of price.
Once an agreement has been reached, we will draw up a purchase offer. On this point, we would like to draw your attention to the fact that any acceptance of the offer countersigned by the seller is a definitive commitment. Only the suspensive conditions mentioned in the offer to purchase could then release you from the contract.
We ensure that the offer to purchase includes all the mandatory legal conditions:
Once the offer has been accepted, we can submit your deposit cheque to a notary in the Principality. You can also make a bank transfer directly to the firm's account within 48 hours. The purchase offer will then be accepted and neither you nor the seller will be able to withdraw.
The preliminary sales agreement is not a compulsory document in Monaco. However, it is safer to draw up one if you are buying your property via a bank loan or if the property can be preempted by the State.
Indeed, the Principality of Monaco reserves the right to pre-empt real estate built before 1947. The administration then has a period of 30 days from the signing of the agreement to take over from you in the procedure for purchasing the property.
The signing of the deed of sale takes place in the office of a notary in the Principality. This is the high point of your purchase and your signature on the deed gives it the force of res judicata.
Its date marks the beginning of your new status as owner of the property. It is at this point that the keys are handed over to you. But before that, you must pay the notary fees relating to the purchase of the property:
In addition, the agency fees are set by the Monegasque Real Estate Chamber at 3% excluding tax for purchasers on the purchase price, which must be paid latest at the time of signing the deed.
You are now in possession of the keys to your new property. If it is a rental property, we can also assist you in the rental management of your property.
Law n. 1.381 of 29/06/2011, on the registration duties payable on transfers of property and real estate rights, section II, Registration and mortgage duties.
Order n. 1.016 of 04/11/1954, fixing the modalities of exercise of the right of pre-emption inserted by article 28 of the law n°580, of 29 July 1953.
For information on the purchase, sale, rental, management and the estimation of your property in Monaco, our team is available for further information.
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