Are there any risks after the signature of the initial sale agreement?
The initial sale agreement is a legally-binding contract for both buyer and seller. However, French law is quite protective of the buyer, who is allowed a “cooling off” period of seven days following signature of the pre-contract. After this period, the buyer can still decide not to buy, but will consequently lose the deposit. The seller cannot change their mind. This system is designed to prevent gazumping.
