Friday April 16, 2021
German Teilkauf GmbH
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Anyone who owns their own property but has to get by on a low pension is quickly faced with the question: should I sell, rent or take out a mortgage? But there is another way to improve your retirement: real estate retirement. The owners stay at home and still turn their property into money. Perhaps the most attractive type of real estate rent is the partial sale.
Carefree in retirement
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Advantages and disadvantages of the mortgage on the property
Which is better: mortgage a house or sell part of it? Both models make it possible to release capital with your own property. While the mortgage is well known, the partial sale may prove to be a better alternative. The pensions are secure, once said the politician Norbert Blüm – and in the long run he was not quite right. The statutory pension is now falling more than ever. Those who have only relied on them have to accept cuts in living standards today. Even if many pensioners have already fulfilled their lifelong dream of owning their own four walls and no longer have to spend on it, most of the financial leeway is missing.
Most senior citizens live in their own property. Among the 70 to 79 year olds, the ownership rate is at least 58 percent. Lower pension on the one hand, valuable real estate on the other: This raises the question of whether a sale would not be the solution for more liquidity. But moving is the last option for most people. Too much money, time and love have been invested in giving up the home they love. Therefore, many seniors take advantage of the cheap loan option with the help of a mortgage on their property. A house that has been paid off is good security for the bank – the conditions are much more pleasant than with a loan without such an investment. The disadvantages of the mortgage, however, are that the entry in the land register is expensive, time-consuming and complicated. In addition, many banks link the amount and conditions of the loan to the intended use.
Partial sale of real estate for more financial freedom
Anyone looking for an alternative to a mortgage will quickly come across real estate annuity and its many variants. A still little-known but very profitable form of real estate renting is the partial sale. The principle is simple, the advantages convincing. As the name suggests, owners sell part of their own property. The buyer is entered in the land register as a silent partner with the corresponding share in the house or apartment. The sellers receive an agreed sum for the partial sale and can stay at home unchanged for a fair monthly usage fee – with all rights. This addition in particular has a decisive advantage.
In the case of a partial sale, the owners not only receive a lifelong right of residence, but also the so-called right of usufruct, which goes far beyond the right of residence. In the case of usufruct, the owner retains full decision-making authority over the property, can add and expand and even rent out his property. Especially for seniors who have to move from the house to assisted living, for example, this option is worth its weight in gold. The income is not shared with the silent co-owner. If the owner dies, the property is sold at the then current market price and both parties, partial buyers and the heirs of the partial seller, receive their share of the property. An early sale is also possible.
Deutsche Teilkauf accompanies you step by step through the very personal offer request
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The expert for partial sales
Deutsche Teilkauf GmbH is one of the leading providers of this model of real estate annuity nationwide. Those who opt for a partial sale with the Düsseldorf experts benefit from a whole range of advantages. That already begins with the valuation. Deutsche Teilkauf bears the costs for the independent appraisal. On the basis of this assessment, the owners choose what amount they would like to have for the portion of the property sold (up to 50 percent of the property value).
A possible speculation tax is not levied. Upon request, a first right of purchase on the property share sold can be agreed for the heirs, if the property is to remain in family ownership. The advantages of the partial sale with Deutsche Teilkauf GmbH are numerous: no sales fees, tax advantages, financial freedom, unchanged living situation, free disposal of the property, benefit from increases in value. Deutsche Teilkauf will not use the acquired co-ownership share in the property on a permanent basis and will only receive a compensation payment in the form of the usage fee. On the other hand, if you take out a mortgage on your property, you are burdening it. A charge is made at the expense of the selling price and grants the bank more rights than the owner would like.
A low pension, but your own property – this combination is common. With a partial sale of real estate, the financial situation can be improved quickly without having to sell completely or take out a mortgage. Deutsche Teilkauf GmbH offers the 60+ generation ideal conditions. With the partial sale, owners get the sole right to use the entire property, realize increases in value and can enjoy their retirement carefree.
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