During a property transaction, the old and new owners usually draw up a preliminary sales agreement to seal their agreement on the sale of the property. What exactly is the purpose of the preliminary sales agreement? And what is its legal value? In this dossier, we offer you all you need to know about the preliminary sales agreement in [...].
Guides
How do I know if I can negotiate a property price?
In practice, the advertised selling price of the flat or house you have found is not necessarily the one you will ultimately pay. In real estate, negotiating the price of a property is quite common...But how do I know if I can negotiate? Keeping up to date with the property market When you start [...]
The signing of the sales agreement
Before going to the notary, the seller and the buyer often wish to formalise their agreement in writing: they sign a preliminary sales agreement.
Investing in a parking space in Luxembourg
We often talk about investing in real estate, buying to rent, renovating an old building, etc. However, there is another investment solution that can be very profitable: investing in a parking space, with the intention of renting it out, of course. The profitability varies between 6 % and 12 %. It [...]
Rental investment: the importance of location
Continuation of our dossier on rental investment. After choosing the flat, let's look at the location, as you will see the location of the property you are going to rent is fundamental to achieving your objectives, whatever they may be. The location, the first criterion of choice When you make a rental investment, the biggest risk is that of vacancy. Do not [...]
FAQ's for first time buyers
When you are planning to buy your first property, there are a lot of questions. Here are the answers to some of them. How much should I contribute? You must be able to provide at least 10 % of the total cost of the purchase. The larger your deposit, the better the terms of the mortgage you take out.
What to check when buying a house
This house has literally caught your eye and you're ready to sign a provisional sales agreement to become its proud owner. But have you really checked everything? Aren't you in for some nasty surprises? Here's our checklist of things to look out for. Your future property under the microscope When you buy a property in Luxembourg, the seller has to check that you have the [...]
The compromise sale: what commitment? Under what conditions?
In general, in order to conclude a property sale, the seller and the buyer first draw up a private agreement recording the essential conditions of the sale, commonly known as a "compromis de vente" (or "promesse synallagmatique de vente"). But what is the value of the preliminary sales agreement? Claudia THIRION, lawyer [...]
3 questions to ask before buying a property
Are you seriously considering buying a property, after a visit, after a crush? Great! Buying a new home is an important moment in your life. You've given it a lot of thought and you've already asked yourself a million questions, so it's only natural. To help you make your decision, there are a few [...]