Apartment hunter in Paris 15th for a couple of investors from London
Found!
Discover a search quickly conducted by Catherine Ziegler, our apartment hunter, specialized in Paris Center. After having found the property of one of their friend, a couple of French investors, living in London, contacted Catherine to buy, not one, but two apartments intended for rent.
What type of investment to invest on?
A couple of French investors decide to invest their cash in the Parisian rock, while living in London, but in a property they already own. He works in finance; on the other hand, he has a double professional activity, oscillating between the profession of chartered accountant and that of interior decorator.
How do I search for an apartment from abroad?
Extremely busy, they want to entrust the research to a professional. Encouraged by their friends, they decide to contact an apartment hunter. The latter will be in charge of finding a perfect property, to make an attractive rental investment.
How did the couple get to know the HOME SELECT real estate hunters?
Recommended by one of their acquaintances, the couple contacted Home Select directly — and more specifically, with Catherine Ziegler — a few days later, the exclusive mandate was signed on December 31, 2016!
What were our customers looking for to invest?
When the mandate was written, the search was focused on two bright apartments, each with 2 or 3 rooms, in an old or semi-recent building, with common areas, both well maintained and clean. In both cases, the investor couple did not want a dark courtyard, requested an elevator beyond the 3rd floor and wanted to do some work on the coveted property. In terms of location, it targeted the 1st to the 8th arrondissement of Paris, with the north of the 16th and the south of the 17th, near metro line 1. All for a unit budget of 350,000 to 500,000 euros. With the funds immediately available, investors would not put a suspension clause on their offers.
How can all the wishes of the investor be reconciled?
After carefully studying these specifications, our apartment hunter is relatively calm: having already conducted such research for a friend of the couple, she knows that it is perfectly possible to combine all the wishes of her clients. But while 2016 was built on an incredible real estate market, 2017 offers very little renewal: Catherine Ziegler does not have as many accessible products as before. You must therefore be very reactive and available to make these purchases... Despite the distance, it is therefore decided that they will exchange daily on What'sApp, before traveling, if the interest is there...
What are the search steps for the real estate hunter?
In January and February 2017, our property researcher visited no less than twenty apartments for the investor couple. Faced with numerous disappointments, it was quickly considered to offer Catherine Ziegler the possibility of extending her search to a single apartment, for a total budget of 1 million, but the coveted apartment must imperatively be able to be divided into two properties, with two distinct entrances. However, this new data does not necessarily open up new perspectives, insofar as creating a second entrance on a level is not easy: it is appropriate to request it from the co-ownership, which cannot be requested before the signing of the final act. Potentially fulfilling the new specifications, Catherine Ziegler presented the investor couple with an apartment on Rue du Colisée, in a magnificent old building. In the light of the first photos, a difficulty arises: if the property can be divided in two, the creation of a second WC seems complicated. During the visit, the client takes her measurements and her measurements, before admitting that this will not be possible...
What was the key factor in the research?
During the month of March, Catherine presented them with an apartment in a residence from the 1960s, full of character! At the visit, the couple is enthusiastic! Especially since the price is displayed at 685,000€, with parking and a cellar! A very reasonable price considering the location, namely, the 8th arrondissement, in a street parallel to the Champs-Elysées!
What type of apartment are we talking about?
Located rue de Ponthieu, the 60m² property offers a very clear view of greenery, high ceilings, light parquet floors and white walls, for a very bright whole. Not to mention a balcony on the bedroom side, which opens onto the garden! The apartment is in the heart of a residence from the 1960s, which has been completely renovated and redesigned, front and rear facades.
Under what conditions did the investor agree?
Not needing a parking space, the couple decides to make an offer without and an offer with: the agency sends it to the owner, who accepts their proposal at 630,000€ and keeps the parking for rent. The compromise was signed quickly. On the other hand, despite the absence of a loan, the drafting of the authentic act is slightly delayed, forcing the couple to wait...
Was a work envelope necessary?
Clean, the apartment is also in excellent condition: it requires no intervention and can be rented immediately. However, the couple hesitates to open the kitchen to the living room and to freshen up the bathroom a bit...
What was the assessment of the real estate hunter?
Despite the physical distance of her customers, Catherine Ziegler was able to appreciate their responsiveness. Today, she is still looking for the second property, which is based on the same search criteria. In fact, our apartment hunter is always in contact with the investor couple.
Can the investor couple recommend HOME SELECT?
The latter, absolutely delighted with the first purchase, keep an eye on the real estate market and actively support Catherine in the search for the second apartment. Anxious not to suffer too much from the rise in prices... In June, they made an offer on an apartment near the Palais Galliera, in the 16th arrondissement of Paris. As this is an indivision, the answer is long in coming... BUSINESS TO BE CONTINUED!
