Selling a property in France
Withdrawing from a Sale Agreement
The seller is effectively fully committed to the sale at the point of signing the sales agreement, Should the seller withdraw, they will be obliged to return the deposit to the buyer and pay a further 10 percent of the sale price. This applies even if they get a better offer after the sale agreement has been signed.
Note that the position is different for the buyer. Under French law the buyer has a “cooling off” period of eight days after signing the agreement. In this period a buyer is free to withdraw from the agreement and receive the return of the deposit in full. At that point the agreement is at an end. Should the buyer withdraw after the eight-day period has passed, the deposit will be paid to the seller.