The payment schedule
The sale in the future state of completion (VEFA) or sale on plan is not financed like a real estate purchase in the old. Indeed, the payment of the sale price of your new home meets a schedule whose principle is framed by law. The property developer may ask you to pay a maximum of 35% of the price of your home on completion of the foundations, 70% of the price on waterproofing (walls and roof completed) and 95% of the price on completion of the building.
The bank is responsible for releasing the funds as they arise. The balance of 5% is to be given to the promoter upon delivery of your property.
If you find faulty workmanship in your accommodation, you can deposit the balance with a notary or in a bank while waiting for the repairs to be carried out. (translation by Google translate)
Comments