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The cooling-off or reconsideration period Category: Practical guidelines Chapter: Buying property Since 1st June 2001, every candidate buyer has a 7-day cooling-off or reconsideration period (depending on the type of pre-sales contract) during which he/she can change his/her mind. A considerable advantage for those looking to become homeowners. The cooling-off period When the pre-sales contract is signed under private writing, the buyer has a 7-day cooling-off period during which he/she can change his/her mind without any reason. This period is effective as of the day after the registered letter with acknowledgment of receipt is received notifying him/her of it. Reconsideration can be done by registered letter with acknowledgment of receipt, by bailiff service, or by delivery in person with receipt. The reconsideration period When the pre-sales contract is signed in front of a Notary, this is called the reconsideration period. It represents the same protection as the cooling-off period. The Notary drafts the instrument and provides it to the buyer by registered mail. The 7-day period starts the day after the latter receives the instrument. The buyer looking to reconsider does not sign it, no special procedures are required. Updated on: 12/06/2008 And on the same subject: Further information : The cooling-off or reconsideration period 2008-2011 Appelimmo. All rights reserved Real estate for sale by owner