VIR SALES
Stay Informed
1️⃣ The offer to purchase
The buyer begins by making an offer specifying :
The overall price (land + renovation)
The details of planned work
The conditions precedent any
Once the offer has been accepted, the parties arrange to meet at the notary's office to sign the deed.
The stages of the VIR sale
2️⃣ The deed of sale
The notarial deed formalises the transaction and specifies :
The price of the property before renovation
The total cost of work
The implementation schedule
The terms of payment (calls for funds)
The legal guarantees (completion, ten-year, biennial, etc.)
3️⃣ Progress of work and calls for funds
Payments are staggered according to site progress.
Each call for funds is provided for in the deed of sale and validated by a professional (notary or project manager).
Example of a schedule:
| Step | Related work | % of the total price |
|---|---|---|
| Signature of the deed | Acquisition of existing property | 30 % |
| Start of works | Demolition / structural work | 20 % |
| Secondary works | Electricity, plumbing, joinery | 25 % |
| Finishes | Floors, paintwork, equipment | 20 % |
| Delivery | Handing over the keys | 5 % |
This system ensures that payments are made in line with the actual progress of the work, not the other way round.
4️⃣ Acceptance and delivery of the goods
Once the renovation is complete, a acceptance of work is organised with minutes.
The purchaser may express any reservations, which will be corrected before the final delivery.
The property then benefits from :
From the guarantee of perfect completion (1 year)
From the biennial warranty (2 years)
And the ten-year guarantee (10 years)
🏡 The benefits of VIR
- ✅ Legal certainty everything is supervised by the notary.
✅ Transparency The calls for funds and timetable are set out in the deed.
✅ Work guarantee Quality and compliance guaranteed.
✅ Enhancing our heritage A refurbished old property, often in premium locations.
🤝 Amanda Properties helps you with your VIR projects
At Amanda Properties, We put our expertise at the service of sellers and buyers wishing to secure and enhance the value of their property assets by VIR sales.
Our teams provide :
A technical and legal audit of the property,
Monitoring the worksite and calls for funds,
Coordination with the notary and tradesmen,
And the delivery of a compliant, carefully renovated property.
- See also: Articles published by notaires-la-vente-dimmeubles-a-renover-vir
📞 Contact us to find out more about our properties for sale as part of a VIR, or to benefit from a individual support in your property project.
