Partial sale of an apartment: disadvantages, advantages, costs – Partial purchase of a condominium

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Partial sale of a property – old building, attic or apartment with terrace and plot, many have a problem especially in old age, the apartment becomes “too big” and the money somehow “less and less”. For many, the partial sale of their condominium seems to make sense. A look at the advantages, disadvantages and costs (including alternative mortgage loans). You will also find a summary of the partial sale providers. Back to Partial sale of property.

Key Facts -

“Selling half the apartment”

Sell quickly between 10 and 50% of a flat’s shares

Partial sale of the condominium: What is it?

Usage fee = rent for your apartment

Disadvantage? User rate versus credit

Partial sale of properties: advantages, disadvantages, taxation & Co.

“Selling half the apartment”

Selling fast, getting money fast: that’s what more and more people want when they realize, at a certain age, that their own four walls have become too big. It doesn’t matter if it’s a three-bedroom apartment, a four-bedroom one, or even a comfortable five-bedroom apartment and more.

Those who want quick money from their condominium are increasingly looking for “partial apartment sales”. Because there are many advantages to it: Fast, hassle-free, and no credit check. That’s true, but there’s also a disadvantage: the monthly usage fee that has to be paid afterwards.

Sell quickly between 10 and 50% of a flat’s shares

Various sellers buy flat shares between 20% and 50%. If the market value of your condominium is in the seven-digit range, sometimes you can sell “only” 10% of the flat.

Up to 1 million value = 10-50
More than 1 million value = 10-50

Here is shown schematically with 20% of the share sold, a 3-bedroom flat:

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Partial sale of the condominium: What is it?

Let’s start with the definition of the partial sale of a flat.

What is the partial sale of a flat?

As described at the beginning, between 20% and 50% of shares are sold. You sell the shares to a financial company. This turns it into a co-ownership community consisting of two parties. In return, you receive the proportional purchase price quickly, regardless of banks / loans.

Fast money, sounds great, doesn’t it?

Whether it is sold in Berlin, Hamburg, Munich, Cologne or even in smaller cities, there are advantages to paying the purchase price quickly without any credit check (compare the loan at the bank). But there are also disadvantages: the usage fee and also the sales fee.

Usage fee = rent for your apartment

After the partial sale = you have to pay the usage fee

The financial company becomes a partial owner of your apartment. However, you remain the sole user of the apartment. Therefore, from now on you pay a monthly usage fee, almost like a “rent” for the part of your condominium that no longer belongs to you.

Depending on the provider, this usage fee is approximately 3% annually. (per year). A simple and quick calculation of the usage fee.

Usage fee (ETW): 3% annually.

Usage fee formula (according to the provider) per month:

Monthly usage fee = 3% * purchase price (share) / 12
= 3% * 100,000 / 12

This means you pay 250 euros per month.

User fee for 100,000 euros = 250 euros / month

As always, depending on the provider. You can find all providers here in the partial purchase section: comparison.

This is how the financial company refinances itself.

Disadvantage? User rate versus credit

Complicated-free and fast money for the condominium is a really tempting offer. That’s why you should take a second look at the various partial property purchase offers.

If you go for the really simple selling offer, you get money quickly. However, for that you pay – as is known – the monthly user fee. Many take advantage of the offer because they think: I can’t get a mortgage loan, especially at an advanced age.

However, a mortgage loan is much cheaper! Especially with current interest rates. Currently only 1% annual is paid, instead of 3% or more, as in a partial sale.

Comparison partial sale / loan:

Partial sale / month = 250 euros
Mortgage loan / month = 85 euros

So remember, simply:

Mortgage loans are (currently) 66% cheaper.

So it’s worth talking to your bank and perhaps considering 2 or 3 alternatives.

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Partial sale of properties: advantages, disadvantages, taxation & Co.

Lea más sobre la venta parcial aquí: un vistazo a los costes de uso, las ventajas, las desventajas, la venta total, el aumento de valor calculado bajo la inflación y una comparación de lo que es “más barato”: ¿la compra parcial o el préstamo inmobiliario alternativo, más concretamente el préstamo hipotecario? Además, los impuestos, la venta de una comunidad de herederos, el divorcio y mucho más. Mis recomendaciones para los vendedores