What is a forward sale?

How does a forward sale work?

The parties have a draft deed drawn up by a notary as in a direct sale. As soon as an agreement is reached between the parties on the deed, they go to the notary to sign the final deed.

During this meeting, the buyer must pay a deposit. Its value is defined in the deed and generally represents 10% of the sale price.

On the day of the term, the buyer proceeds to the payment of the remaining amount due. The transfer of ownership via the registration in the land register is also carried out on the same day, as is the handing over of the keys.

It is only at this moment that the buyer becomes the new owner of the property.