Take us through the home-buying process in France
Purchasing property in France is a two-step legal process, with a pre-contract called “compromis de vente” followed two-to-three months later by the “acte de vente” completed at a French “notaire”. The actual contract process is handled by a “notaire” as they are the only persons permitted by law to perform conveyancing in France. So, a buyer will need to sign two key documents to buy a property in France.
What are current trends in super prime luxury real estate?
The demand for flawless, move-in-ready properties is increasing rapidly, as well as for properties offering security, privacy, concierge services and state-of-the-art amenities.
What’s the most challenging aspect about luxury property sourcing?
Undoubtedly, trust building and timing. The acquisition of a prime residential property is not the kind of decision that one individual makes every day. So, my challenge is to make sure that those occasional buyers automatically think of me, ask for my help and trust me when they are ready to make a move.
What qualities have helped you succeed in this competitive business?
Developing mental strength has been crucial. That includes working hard, being fully committed, developing productive habits and always learning.
Do you have advice for first-time entrepreneurs?
I’d always tell them to be realistic, don’t expect immediate results, stay positive, embrace change, welcome challenge, dare to speak up, take responsibility for your actions and outcomes, take calculated risks, learn from mistakes and be resilient.
What advice would Mr Bourrain give to his 20-year-old-self?
Be curious, discover your passion, muster up courage and above all, dare.
What are your three passions?
Travel, jazz music and interior design.
Who do you regard as your best teachers?
I don’t have any teacher/mentor per se, but I respect and admire some great folks in luxury real estate: Dan Conn, Kathryn Korte, Dorothy Herman, Barbara Corcoran, Jeremy Helsby, Alistair Elliott, Josh Flagg to name a few.
What qualities does it require to be an inspiring and effective CEO?
To be inspiring, you need to give both roots and wings to your employees. A healthy company culture, a lead-by-example leadership, a clear vision with purposeful goals. Once those basics are in place, you must give your employees all the means to learn and grow continuously. In addition, you must become a ‘corporate snowplough’ and remove all the obstacles that are stopping your employees from working effectively. To be effective, you need to first look at each issue from different perspectives (i.e., with the eyes of each stakeholder) and then make clear-cut decisions in the best interest of the company as a whole. Above all, you need to be able to manage time. If you can’t manage your own time, you can’t manage anything.
The Riviera Life – Where and How
Tel: +33 (0)7 87 10 23 76
Email: [email protected]
7, place Ile de Beauté – c/o AVEC – 06300 Nice – France
As an exclusive buying agent, Olivier Bourrain does not sell the properties shown in this article or represent their owners. The photo credit (by order of appearance). Sotheby’s International Realty, Savills and Christie’s International Real Estate’s affiliate, Daniel Féau.