If the stone also knows the waltz of labels, there are ways to limit its budget. To renovate, at a discount, in life annuity or dismembered, these properties in promotion make it possible to reduce the bill.
Take advantage of Action Cœur de Ville!
Launched with 222 local authorities, the national Action Cœur de Ville plan aims to revitalize the centers of medium-sized cities. Within this framework, Action Logement supports private investors by financing their building acquisition and improvement operations. The loan is capped at the amount of eligible work up to a maximum of €1,000 (including tax) per square meter of living space.
As with many products, real estate inventories are becoming scarce... with the result that prices are under some pressure.
However, there is no risk of a shortage because notary's offices are very busy. Indeed, the French are rushing to complete their real estate projects. The balance sheet for the year 2021 even shows a record number of sales with 1,208,000 transactions in the former. This value was observed over 12 months at the end of August 2021 according to the latest notaries' report, representing an annual increase of 23% and the achievement of a historic peak.
These figures attest to the great fluidity and vitality of the real estate market. First-time buyers are taking advantage of this to buy a beautiful home, while second-time buyers are selling to buy a bigger home! To satisfy a maximum of clients, notaries do not hesitate to diversify their "real estate" department. In addition to traditional sales, they have special formulas with great promotions. It is not surprising that properties to be renovated, discounted in life annuity or dismembered, are more and more successful! Sold at prices that defy all competition, these products arrive on the market with good arguments. Especially since the notary supervises the transaction to offer all the legal guarantees expected.
It seems like a good time to go to the notary's office to find out about the current offers. Beautiful real estate products are waiting for the clients with good deals at the end! All you have to do is shop around...
1st track: PROPERTIES TO BE RENOVATED
The real estate market is holding out its arms to renovation enthusiasts, as there is no shortage of properties to renovate. They are even the object of all the attention to encourage their renovation.
If they have some weaknesses in terms of energy performance, there is plenty of help available to reduce their consumption and make them more comfortable to use.
By regularly consulting your magazine, the immonot.com website and through the intermediary of your notary, many properties become available.
Requiring work, they often come from inheritance. The notary is the first to be informed of the sale and gives priority to clients who have expressed a desire to buy.
Another advantage is that the notary carries out a valuation of the property in order to offer it at its fair market price, so there is no risk of the buyer overpaying. In order to budget the project as well as possible, it is important to obtain estimates from building professionals. The risk would be to incur exaggerated expenses...
What are the advantages? Built a long time ago, the properties to be renovated are made of well-made materials. In addition, quality locations in the heart of towns and villages ensure that they are well valued. Depending on the period of construction, they may even have appreciable architectural features. And when it comes to carrying out the work, the various bonuses make it all worthwhile! Starting with "Ma Prime Rénov" which translates into significant financial aid. For example, the installation of a geothermal or solar heat pump is accompanied by a check for 10,000 €, plus about 4,000 € of energy bonus for low-income households. This concerns households with a level of resources corresponding to "Ma Prime Rénov - Bleu".
Savings
Count on a price up to 50% lower than for a property without work.
2nd track: DECORATED PRICES
Properties without work with a beautiful decoration and proposed below their market value, it is possible with " 36h-immo ". This is an interactive sales platform that invites buyers to make their offers online. A device which allows to fix the final price in all transparency and to negotiate with efficiency.
To find the properties available for sale, simply visit www.36h-immo.com. This platform gathers offers on the whole territory. It allows you to consult the advertisement in detail, to find the price of the first possible offer and to be informed of the beginning of the sale.
All you have to do is register on the 36h-immo website to visit the property and confirm your intention to participate in the online offers. This step also gives the notary the means to ensure that the buyer's financing plan presents the necessary guarantees.
What are the advantages? To focus the attention of buyers, the property is displayed at 20 to 30% less than its market value, which is a great opportunity to position yourself since the participants in the sale have only 36 hours to decide. During this period, it is sufficient to add the amount of the bidding step to formulate a new offer.
This system allows the best bidder to be chosen according to the price offered but also according to the liquidity mobilized.
Indeed, the seller chooses the buyer who seems the most reassuring. Depending on the popularity of the property, the auction can quickly end before the price has even taken off! This is the interest of this online bidding process, which holds a lot of suspense.
Savings
Expect a price about 15% lower than the real value of the property.
3rd track: LIFE ANNUITY PURCHASES
The life annuity seduces more and more owners who see in this sale the way to keep their home while receiving money. A formula that also benefits buyers who can get their hands on valuable property without breaking the bank!
How to negotiate ? Whether free or occupied, a property sold as a life annuity offers multiple possibilities. In the first case, the purchaser has full use of the property. Drawn up by the notary, the deed of sale of a free life annuity no longer authorizes the seller, or creditor, to dispose of the property sold. This formula constitutes a good alternative for the purchaser who seeks a property to live in. Also, the free life annuities generally concern secondary residences that their owners use occasionally.
In the case of an occupied life annuity, the owner continues to live in the house or apartment. This formula must be privileged in order to make an investment or to benefit from the good in some time...
What are the advantages? The main advantage of a life annuity is the entry fee, since the buyer only pays 30 to 40% of the value of the property. This is the "bouquet". Once this amount is determined, the value of the life annuity paid monthly to the seller for the rest of his life has to be fixed. The older the seller is, the higher the annuity will be.
Alongside the traditional life annuity, which includes a bouquet and an annuity, we observe the development of sales with cash payment. Given the increase in life expectancy, this avoids the buyer taking the risk of paying an annuity over a too long period in the case of an occupied life annuity.
In all cases, you should seek advice from your notary to determine the calculations.
Savings
For an apartment with a value of 150 000 € and a life expectancy of 15 years of the salesman, it is necessary to be based on the following values:
free life annuity = bouquet of 30 000 € and an annuity of 682 € per month indexed;
occupied life annuity = cash payment of 83 000 € or bouquet of 30 000 € and an annuity of 400 € / month indexed.
4th track : THE DISMEMBERED SALES
The dismemberment of real estate consists in separating the enjoyment (usufruct) from the right to dispose of the property (bare ownership). At the end of the usufruct, the beneficiary becomes the full owner, tax-free.
How to take advantage of it ? In the context of a new real estate investment, the dismemberment amounts to temporarily transferring the use of the property (the usufruct) in exchange for a significant discount on the purchase price (from 30 to 50%). In this case, a professional receives the income and bears the expenses for a period of 15 to 20 years. The financing can be done by using credit. In the event of a transfer or donation, any taxes due will only be calculated on the value of the property without the usufruct.
Another solution is the purchase in simple dismemberment. This allows parents to acquire the usufruct of a property, while their child buys the bare ownership. The parents benefit (enjoy) the property during their lifetime and, at their death, the child receives the full ownership without having to pay inheritance tax (tax-free).
What are the advantages? A purchase in dismemberment of ownership allows to transmit the property to the rightful owners and protects the surviving spouse. When the estate is opened, the usufruct and bare ownership are reconstituted to form the full ownership again, all without paying inheritance tax.
Savings
This makes it possible to invest in property at a discount of 30 to 50%, without management worries ,while benefiting from optimized taxation.
Christophe Raffaillac.