Sheet 03Buying off plan
Buying off plan, step by step
You buy a home before it is built and pay for it as the works progress. Here is the whole sequence, from the first visit to the title, and what each step commits you to.
The building rises with your file
Each step adds a storey: at the last one, you have the keys and the title.
- 1
The visit and the choice
At the sales gallery or by video: the model, the show apartment, the dimensioned plan, the payment schedule of the home you are looking at.
- 2
The 15-minute hold
The home is taken off sale while you talk it over as a family. One hold per family per day.
- 3
The 48-hour option
Your buyer file: ID card or passport, family situation, proof of income if a loan is planned. The notary appointment is booked at the same time.
- 4
The contract at the notary
Reservation contract or off-plan sale contract, on the models set by executive decree 13-431: the plan, the description, the price, the payment schedule and the planned handover date. The first payment is made by transfer to Oléane's account or by certified cheque, and its references are written into the deed.
- 5
The guarantee attestation
Oléane is a member of the property development guarantee fund. For each buyer, the attestation covers the payments made to Oléane under the contract's schedule.
- 6
The calls for funds
When the supervising engineer certifies a stage of the works, its call for funds is sent to you, payable within 15 days, with the photograph of the stage reached.
- 7
The handover
A joint inspection of the home: you pin any snags on the plan, they are fixed and photographed. The balance is called at handover.
- 8
The title
Once the works are complete, the certificate of conformity opens the final deed of sale at the notary, then the issue of the livret foncier.
The price, called at the stages of the works
Under executive decree 13-431, the price of a home sold off plan is paid by construction stages. Oléane's schedule:
- 20%Signing the contract
- 15%Foundations complete
- 35%Gros œuvre complete, with waterproofing and partitions
- 25%All trades complete, with networks and external works
- 5%Handover of the keys
The contract sets the schedule: you are never asked for a payment outside its stages.
What Oléane never does
- Take money in cash: everything goes through bank transfer or certified cheque.
- Ask for an online payment before the contract is signed at the notary.
- Call a payment before its stage is certified.
- Rush you: a hold expires on its own, and so does an option, with no fee and no insistent follow-up.
What we explain before you sign
- What if the handover is late?
- The VSP contract sets the handover date and the late-delivery penalty: a rate per day of delay recorded by a bailiff, capped at 10 % of the price and deducted from the balance (decree 13-431). Our legal desk reads them with you before signing.
- And options chosen after the contract?
- A finish or a fitting added after signing is the subject of an addendum; its form is settled with the notary.
- Can I assign my contract before handover?
- Where the contract and the law allow it; each request is studied by our legal desk.
- What costs come on top of the price?
- Notary fees and registration duties. Their amounts are indicative and given with your payment schedule.