Sell apartment against annuity

Many seniors face a financial dilemma. In some cases, neither savings nor pensions are sufficient to cover ongoing living expenses. In other cases, health problems can cause care costs to rise. The only way out: selling their own home.

But for many older people, their home is more than just a roof over their heads. It is their home, where they have lived for decades and which is familiar to them. Selling their apartment can mean being torn from their familiar surroundings and having to move into an unfamiliar environment.

In such cases, selling for an annuity can be an attractive option. By selling your home for an annuity, you can continue to live in your home and supplement your monthly pension payments.

How the real estate pension works

The life annuity is an agreement between the seller and the buyer in which the seller transfers ownership of his property to the buyer in return for a lifelong annuity. The amount of the annuity is determined when the contract is signed and depends on various factors, such as the value of the property, the age and life expectancy of the seller, and current interest rates.

In return for the annuity, the seller retains the right to live in the property for life. This means that he can continue to live in and use the property. This allows you to continue to stay in your familiar surroundings and still provide yourself with financial security.

The life annuity in summary:

• Apartment is sold to annuity provider
• Monthly annuity payment instead of purchase price payment
• Registration of a lifelong right of residence

Requirements: Age & property value

In order to receive an annuity, certain requirements must be met. To ensure a calculable financial risk for providers, many set a minimum age for sellers. This is usually between 60 and 65 years. In addition, unencumbered real estate is usually preferred and the minimum value of the property is also usually fixed, as it guarantees a minimum real estate annuity. Here, one can be guided by the individually set value of the provider. As a rule, providers demand a minimum pension of 150 to 250 euros per month.

The requirements at a glance:

• Minimum age of the seller: 60 years and over
• Minimum payout: from 150 euros per month
• Property free from encumbrances

Taxes: Income tax on income share

In the case of the real estate life annuity, only the income share is taxed, as annuity payments are classified as “other income” under the Income Tax Act. The share of income is influenced by various factors, in particular by age at the time the contract is concluded, and can be deducted from tax as a special expense. The taxation share decreases continuously with increasing age at the time the contract is concluded. This means that older persons generally have to pay less tax than younger persons.

Life annuity or traditional apartment sale?

In addition to the annuity, you can also opt for a traditional sale of your home. The advantages of a complete sale: You receive the agreed purchase price paid out in one go. The sale price is usually higher than with a life annuity, but you lose all ownership rights to your home.

As mentioned above, the life annuity allows you to continue living at home while freeing up your real estate assets. In addition, you save the cost of moving and do not have to buy a new apartment or pay rent.

Here are the advantages at a glance:

• Life annuity: no need to move out & release of real estate capital.
• Traditional sale: payment of the full purchase price

Conclusion: Secured into old age

Overall, the sale of an apartment for a life annuity offers older people an attractive alternative to the traditional sale of an apartment. The life annuity makes it possible to convert the sale proceeds into a monthly pension that is paid out until the end of one’s life, thus guaranteeing a regular income in old age. At the same time, one must be aware that by selling the property, all ownership rights are transferred to the buyer. For this reason, it is important to take enough time in advance to weigh up the respective advantages and disadvantages and to make the best decision for yourself.

The pro rata sale of house & apartment explains

A partial sale of a property is a great way to release a portion of your real estate equity and continue to retain sole right of occupancy and use. In a partial sale, up to half of your property is sold to a partial sale provider. You receive the purchase price immediately. The usufructuary right is secured in the land register and in return you pay a monthly usage fee to the partial buyer.

This brings with it a host of advantages. Let’s take a closer look at them.

Advantages of the partial sale

Whether selling part of your home privately or through a professional part sale provider, you retain your financial independence, stay in your familiar surroundings and can also benefit from additional cash flow.

The advantages of the partial sale at a glance:

• Improved liquidity
• No need to move out of the property
• Sole usufructuary right to the property
• Possibility to continue using the property or rent it out
• Repurchase by seller or heirs possible

More financial freedom through instant payout

One of the biggest advantages of a partial real estate sale is that you have immediate cash without having to sell the property outright. Thus, you can quickly and easily get money to meet financial obligations, make investments or fulfill a lifelong desire.

Sole usufructuary right to the property

As a partial seller, you get the right to live in your home and use it as you wish. You can use the property for your own use and have family members or caregivers move in. In addition, the usufruct right allows you to rent out your property.

Wealth accumulation through renting & appreciation

A partial real estate sale can also be a way to contribute to wealth accumulation by renting out the property. By renting out the property, regular rental income can be generated, which can serve as additional income.

In the event of an increase in the value of the property, you will also benefit, for example if you decide to sell your property completely after 10 years.

Sellers & heirs benefit

Not only you as the seller benefit from a partial sale, but also your heirs. Since your liquidity is increased, the family is relieved financially. After your death, the heirs are also granted a priority right of repurchase of the sold share. If your heirs decide to sell the entire property, the partial buyer takes over the settlement and your heirs do not have to worry about anything.

There are also a few things to consider when partial selling. So what are the partial sale disadvantages?

Disadvantages of the partial sale

Compared to other models, such as the life annuity, you remain the owner of the property in the partial sale. Due to the registered usufructuary right, you can generate additional cash flow through the property, but at the same time this also comes with some costs.

User fee: Monthly payments to partial purchasers

As already mentioned, as usufructuary you have to pay a monthly usage fee to the buyer. The amount of the user fee depends on various factors, such as the current economic situation and the purchase price paid out. Since the amount of the user fee differs depending on the partial sale provider, it is advisable to compare the different partial sale companies in order to find the best possible offer for you.

Costs: Surveyor, notary & Co.

In addition to the monthly usage fee, a real estate partial sale may also come with some additional costs and fees. One of the most important cost factors is the preparation of the partial sale contract, which must be certified by a notary. There are also costs for an appraiser who determines the current value of the property. Which fees you have to pay yourself, and which costs are borne by the partial buyer, also varies from provider to provider.

You may incur these costs as a partial seller:

• User fee
• Expert’s fee
• Land register & notary fees
• Maintenance costs
• Administrative expenses
• Implementation costs
• Speculation tax, if applicable

Therefore, it is advisable to find out in advance about the expected costs to facilitate long-term financial planning.

Requirements: For whom is a partial sale worthwhile?

So, after looking at the advantages and disadvantages, the question becomes:

For whom is a partial sale of real estate worthwhile?

When a pro rata sale makes sense and when it does not depends on your property as well as on your personal circumstances. In most cases, the purchase price of the sold portion should not be less than 100,000 euros. Since a maximum of 50% of the property is purchased in a partial sale, only properties with a minimum market value of 200,000 euros are usually considered. Since the partial sale of real estate is a real estate annuity model, the offer is usually also aimed more at seniors.

You should have these prerequisites:

• Value of the property: at least 200,000 euros
• Payout: at least 100,000 euros
• Minimum age of the seller
• Ideally: completely / largely paid off property

The partial sale is most interesting for owners who need liquidity but do not want to give up their real estate assets completely and would like the property to remain in the family until the heirs later decide what to do with the property – an option that a life annuity and a reverse mortgage do not offer.

Conclusion: A comparison of providers is worthwhile

Overall, the partial sale of real estate offers an attractive opportunity for property owners to quickly and easily obtain liquidity without having to sell the entire property. Especially for older people, the partial sale can be a good option to achieve financial freedom. In addition, renting out the remaining part of the property or increasing its value can help build wealth. Since the conditions differ, you should take enough time in advance to compare the different partial sale providers with each other to find the best offer for you.

Selling property at retirement age

For those who are facing the sale of a property for the first time, today wants to explain the real estate sale, but also two alternatives that you have as a property owner, if you can not yet completely part with your condominium or house. The partial sale and the real estate annuity. In addition, an alternative if it is “only” about liquidity, the mortgage loan.

If you need to sell or need money:

1. Direct sale – Full sale
2. Partial sale – Proportionate, with option for total sale
3. Real estate pension – Full with monthly payment
4. Mortgage loan – financing with credit

In addition, an extra tip on the topic: Bequeath correctly.

Sale of house / apartment – option 1

The final decision would be the direct sale of the property, to a new owner. First of all, let’s talk about the process and then about the question: to sell with or without a real estate agent?

Step by step to the sale

The typical sales process includes (simply explained) 18 steps, divided into 3 phases. First comes the preparation, from the time of sale, through the calculation of the selling price to the exposé.

This is followed by the relatively time-consuming sales phase, starting with the marketing strategy, from personal networks to real estate platforms, through communication with interested parties, the individual credit checks and property inspections. With concrete prospective customers then naturally still the sales discussions and naturally also the negotiation around the final selling price and/or purchase price follow.

Last but not least you come to the sales process, here follows the purchase contract, notary appointment, purchase price transfer and the handover of the property.

• Sell property

Checklist in 18 steps

The 3 phases in the sale of real estate

1. Preparation: prepare property and sale
1. Financial planning and timing of sale
2. Hire real estate agent
3. Records and documents
4. Increase real estate value
5. Determine offer price
6. Create exposé
2. Sales phase: market property and find buyers
1. Market real estate
2. Contact with prospective buyers
3. Filter and select prospective buyers
4. Credit check
5. Viewing dates
6. Sales talk & purchase price negotiation
3. Sales processing: purchase contract until handover
1. Draw up purchase contract with notary
2. Notary appointment
3. Land register entry and payment processing
4. Handover of the property
5. Notary fees & broker commission
6. Pay taxes

Sell with or without a broker?

Without experience in real estate sales, you should resort to the expertise of a real estate agent. As you can see in the sales process, you need time, documents, but also knowledge, e.g. around the credit check of possible prospective customers, so that you do not carry out 30 inspections, which lead to no sold result. In addition it concerns factors such as the real estate evaluation in addition, the care of the advertisements and the Exposés. In addition, there is the emotional burden for one or the other.

As stated initially, if you can’t completely part with your condo or house yet, there are alternatives.

Partial sale: Proportionate sale / right of residence – Option 2

In the case of a partial purchase or partial sale of your property, you have the advantage that you remain the sole occupant and user of the property. The so-called “usufructuary right” means that you have the sole right to live in and use your property despite being the new part owner.

How does the partial sale work?

At the same time, you sell part of your property to a finance company. The finance company thus becomes a co-owner of your property. Financial companies buy shares in pretty much any type of real estate, whether land, condominium, house, apartment building or even commercial and special real estate. The share sold is then usually between 10% and 50%.

Often, in addition to the sold part, a complete sale is discussed directly, which is then completed in 10 years, 15 years or 20 years.

• Partial sale

Quickly described:

• Financial company buys shares of the property
• FU becomes part owner; you have sole right of residence / use
• For this you pay user fee (monthly)

User fee accrues (quasi rent)

In the case of partial sale, you should pay particular attention to the conditions. Explained quickly: Annually, you pay back between 3% and 5% of the amount that was sold pro rata. The so-called user fee. Compared to a mortgage loan that you could also take on your property, 2% to 4% more, because with the mortgage loan you would currently pay only about 1%.

Comparison partial sale / mortgage loan:

• Partial sale: min. 3% – 5% p.a.
• Mortgage loan: currently 1% p.a.

p.a. = per year

Why do some nevertheless opt for the partial sale? The sale to a financial company is relatively quick, no credit check, quick purchase price transfer, especially in case of liquidity shortages in old age, a quick alternative.

Partial sale summarized:

• You sell a part of your property (usually 10-50%)
• Partial purchase house: Yes
• Partial purchase apartment: Yes
• Partial purchase of land: Yes
• Financial company becomes part owner
• You remain the sole user of the property
• You pay monthly usage fee
• Total sales in X years (optional)

10% – 50% sell with option 2: partial sale.

Real estate pension: sale / right to live – option 3

The real estate pension is especially interesting for people who have already reached a higher age, usually from 70, 75 years.

Real estate annuity means: You sell your property (directly) completely, but retain a lifelong right of residence and use. In addition, you receive a small monthly amount. For some, this is a good solution. Because you also no longer have anything to do with maintenance costs, the new owner takes care of that.

Compared to the partial sale, you are relatively carefree in your old age. Let’s summarize the real estate pension once again in brief.

• Real estate pension

Real estate pension simply explained:

• Direct, complete sale
• Lifetime right of residence and use
• Small, monthly “extra pension” from the seller
• No maintenance costs

Carefree old age, in your own property:

Mortgage loan: Liquidity only? – Option 4

Finally, option number 4: If liquidity is the only issue for you.

If you want to sell your property in old age, due to liquidity shortages, a mortgage loan is recommended instead of sale. Such a mortgage loan is significantly cheaper than, for example, the user fee for a partial sale. You also remain 100% owner of the property, without giving shares to a part owner.

Get advice from your local bank and 2, 3 alternatives if necessary.

Extra tip on the topic: Inherit correctly

You still have children, grandchildren, close relatives or other persons to whom they have been bequeathed their real estate? Then it is worth thinking about the earth early! On the one hand you can save taxes, on the other hand you can still experience the joy of giving.

Inheritance in advance: Taxes & Co.

Tip. Before it is too late, talk to your parents and grandparents about the inheritance early on. After all, an early inheritance can save you quite a bit, especially on taxes. Learn more about early inheritance here:

• Bequeath correctly

For heirs:

• Inherit correctly

Inheriting correctly also often means preventing disputes among children.

Take care!

What is the advantage of a partial sale?

Are you considering the partial sale of your real estate? In our guide, we have already reported extensively on the partial sale of real estate and, of course, answered the question: is a partial sale of real estate sensible? Selling to your own children, grandchildren – how does that work?

The big advantage of a partial sale is the quick transfer of the purchase price. After all, you save yourself many steps in the real estate sale, for example, most of the communication with potential interested parties, as well as the subsequent credit checks to find a serious buyer.

Partial sale to private individuals possible?

Selling a portion of real estate privately is certainly possible. Anyone can acquire shares in your property and thus become a co-owner. If you have found a direct contact for partial sales, you can save yourself the time typically spent searching for buyers, as you would when selling an entire property.

Selling Privately via Portal?

Not everyone has family members, usually children, who would buy a part of the property. What are the alternatives?

Most private buyers who search for offers through real estate portals will not accept a partial sale, but rather want to buy the entire property. If you want to sell part of a property, you should look for people in your immediate surroundings who might be interested in an investment. In this case, you should contact one of the partial sale providers.

Tip! The Best Partial Sale Providers

In this overview, I have compiled the most important partial sale providers for you, comparing their advantages, disadvantages, and conditions! Simple, understandable, and clear.

• Comparison of Partial Sale Providers

Partial sale of Apartment, House, Plot – everything is possible.

Example: 20% share sold to children:

Right of residence and right of use: Costs?

After the partial sale of your house you only need to agree on the use of the property.

What costs arise from the partial sale?

If you want to retain the sole right to live in and use the property, the partial buyer will ask you for a usage fee, known as the usage charge. Naturally, in a private partial sale, for example, a partial sale to your children, you can agree that no usage charge needs to be paid.

Although the usage charge is negotiable, how much should you expect in case you have to pay it?

Providers usually ask for 3-5% p.a.

In our guide on the topic Partial sale providers compared, we have already calculated the different usage charges of the larger providers (financial companies). If you sell part of your property to a company, such as a financial company, the usage charge is typically between 3% and 5% (of the sold share) per year.

In simple terms, if you sell 100,000 euros worth of your property, you pay an annual usage fee of 3,000 to 5,000 euros.

Tip! Secure yourself with the right of usufruct

In all cases, you should, however, protect yourself, especially regarding your lifetime right of residence and usage rights. The technical term for this is called Nießbrauch. The Nießbrauch right determines that you have a complete right of residence and usage of the property until the day of your death. Accordingly, you are independent of all decisions made by your future co-owners. Even if they are your children or grandchildren.

The Nießbrauch right grants you lifetime residence and usage rights to the property

Taxes on private partial sales

The name says it all, this tax is meant to restrict speculation in the real estate market.

Explaining the speculation tax

With the speculation tax, the legislature says: whoever buys a property may only sell it tax-free after X years – even in the case of a partial sale. X = the number of years varies depending on whether you bought the property as an investment (rent out) or live in it yourself (own use).

Speculation period:

• Foreign use – 10 years
• Own use – 3 years

Amount of speculation tax

The amount of speculation tax always depends on your tax rate. As a result, the speculation tax can quickly exceed 25% and for high earners it can quickly reach 40%.

Partial sale of property: The guide

They want to learn more about the topic of partial sale of real estate? Then take a look at my comprehensive guide here, in which I really cover all aspects, from the advantages, through the disadvantages, to possible alternatives, such as a mortgage loan or also a real estate pension. Of course, everything about taxes in a partial sale is also included. All experiences:

• Partial sale of real estate

Partial sale / partial purchase: what is it? Explanation + advantage

Surely you have seen the advertisements of the many part purchase providers. This purchase offer is aimed in particular at older property owners who need money, for example, for a more pleasant retirement.

A look at costs of use, advantages, disadvantages, the total sale, the calculated increase in value under inflation and a comparison, what is “cheaper”: partial purchase or the alternative real estate loan, more specifically the mortgage loan? In addition taxes, sale from community of heirs, divorce and much more.

Here you will also find all calculators with examples: Partial sale provider comparison.

First, a quick, short definition.

Definition partial sale or partial purchase

What does real estate partial sale?

Of course, no second person moves into your property; you remain the sole user. However, as the former sole owner, you now pay a fee for the use of the part of the property that no longer belongs to you in full after the partial purchase – comparable to rent. This payment is referred to as “compensation for use” or “usage fee”.

Partial sale summarized:

• You sell a part of your property (usually 10-50%)
• Partial purchase house: Yes
• Partial purchase apartment: Yes
• Partial purchase of land: Yes
• Financial company becomes part owner
• You remain the sole user of the property
• You pay monthly usage fee
• Total sales in X years (optional)

The most important questions about the partial purchase

The most important questions at a glance:

• Can I sell half of the house? Yes, most sellers ~ 20-50%.
• Can I sell part of my apartment? Yes.
• Partial purchase also for land? Yes.
• Advantage? Fast, uncomplicated purchase price transfer.
• Disadvantage? Usage fee (~ 3-5% p.a.)
• Moreover, for total sale: sometimes below inflation

These important factors in the purchase of parts

The key factors for the partial sale:

• Value of the property = 500,000 euros
• Desired immediate payout = 100,000 euros
• Share for sale = 20%
• Monthly usage fee = ?
• (if) total sale after X years = ?

You have to answer two key questions in the comparison:

1. What is the monthly usage fee?
2. (At total sale, later) appreciation and fees?

Difference: sale vs. partial sale

What distinguishes the partial sale from the normal real estate sale? If you want to sell a property in the normal way, you will go through a total of three major phases (preparation, viewings/credit checks, sale), which in turn contain several steps. The search for solvent buyers (creditworthiness) can take a longer time depending on the real estate situation (demand).

Regular real estate sale: timing

Roughly summarized, the real estate sale includes the following steps:

1. Prepare documents
2. Valuation
3. Real estate marketing
4. Preparation of an exposé
5. Realization and planning of the viewing appointments
6. Purchase negotiations
7. Processing and drawing up of the purchase contract
8. Handover of keys

Shortened sales phase

With a partial sale, a large part of these steps is skipped completely. You go directly to a financial service provider who buys your property on a pro rata basis. Accordingly, the following steps remain from the procedure of a regular real estate sale:

1. Valuation
2. Processing and drawing up of the purchase contract
3. Handover of keys

Advantages at a glance: Sold and paid for quickly

Whether it’s a terraced house, a single-family home or even the condominium in an apartment building: you’ve never sold part of your property so quickly.

A partial sale has advantages:

• Financing method independent of banks
• No credit check, cf. credit financing
• Fast sales process

Disadvantage? Use in cost comparison

As described in the introduction, the “Partial Purchase” offer is aimed in particular at older property owners.

“Banks give no / few loans to older people”.

Such a common prejudice. That is why advertising with the “partial purchase of your property” currently works so well. However, the subsequent costs are often not taken into account. For example, if you sell 25% of the property and then pay 300 euros a month usage costs, you should definitely compare the amount with a regular real estate loan, more precisely mortgage loan.

In retrospect, otherwise an experience that will cost you cash, every month.

Let’s start the analysis.

Usage fee for partial purchase: Disadvantage 1

Now for the “follow-up costs.”

What is monthly user fee? Many currently advertise it as “easy,” “convenient,” “no bank.” True. But the price is high. First of all, the ongoing costs incurred in the partial purchase to financial companies. The financial company becomes a co-owner. The sold part of the property, will be returned to you.

So you do not give “half” of the garden or part of your rooms: you continue to use your property alone.

For this you pay the “compensation for use”.

Amount of compensation for use

The compensation that the financial company requires for the use of the property is usually:

• Between 3-5% of the amount paid out p.a.

The sum refers to 1 year in each case. The formula for calculating the usage fee (depending on the provider) per month:

• Monthly usage fee = 3% * purchase price (share) / 12
• = 3% * 100.000 / 12

Thus pay, at the partial sale worth 100,000 euros, 250 euros a month.

User fee at 100.000 Euro = 250 Euro / month

As always, depending on the provider. All providers can be found here in the part purchase house: comparison.

Real estate loan comparison: 2-4% cheaper

How much do you currently pay for a “classic” real estate loan? Due to the low interest rate phase, you currently pay only:

• Approximately 1% of the disbursed amount p.a.

Compared to the financing request of 100,000 only ~ 80 euros / month.

Credit only ~ 80 Euro / month

It pays to calculate and consider when it comes to the partial sale of your property. Tip! You will also learn about the “real estate annuity” as another alternative to the partial sale.

Taxes: What do you have to pay?

The tax does not differ in the partial sale from the regular sale.

As you can see in this tax checklist, for private individuals it is actually “only” about the speculation tax. It comes into effect when a property is resold within the first 10 years after purchase. The amount of the speculation tax is calculated according to the individual tax rate, which can be more than 25 percent.

Mentioned for completeness, anyone who sells 3 or more properties in 5 years is also subject to commercial real estate trading and therefore also to trade tax. Last, for the sake of completeness, the sales tax (buyer) for commercial real estate trade.

More on the subject of taxes when selling real estate:

• Selling real estate: taxes

Calculator! Provider comparison

In this analysis, I have calculated example for you in all the calculators of the providers. How much is the usage fee? How much do you get in the total sale? Here you can find the big provider comparison:

• Partial sale provider comparison

Total purchase price and inflation: Disadvantage 2

If you think carefully about the online calculation of step 2) the total purchase, you will notice that you do not specify any regions(real estate location) of the property. Accordingly, the increase in value is a very rough value. But let’s take this as a basis.

Inflation vs appreciation: comparison (-2.8% loss)

Inflation factor (currency devaluation) – If you now add inflation as a second factor, which according to the European Central Bank should be at 2% per year, but is currently even at 5% (as of 01/22), then you will see:

The increase in value of only 25%, 30% in 15 years, does not even equal inflation.

So let’s compare 30% in 15 years and inflation (“as desired” at 2%, with no increases):

The result of our comparison:

According to (most) online calculators, a loss of -2.8%.

Accordingly, you will not even be compensated for inflation if you are below 32.8%.

Tips for your partial sale: use, annuity, divorce and inheritance

Here are some practical tips and food for thought:

Real estate pension: Another alternative

You have now learned about the partial sale, also the mortgage loan. Perhaps another tip for you, the real estate pension. Especially interesting if you have already reached a higher age, usually from 70, 75 years.

Real estate annuity means: You sell your real estate (directly) completely, but keep a lifelong right of residence and use. In addition, you receive a small monthly amount. For some, this is a good solution. Because you also no longer have anything to do with maintenance costs, the new owner takes care of that.

Real estate pension simply explained:

• Direct, complete sale of your property
• Lifetime right of residence and use
• Small, monthly “extra pension” from the seller
• No maintenance costs

Usufructuary right: “Lifetime, sole right of residence

Before we compare the different providers, here is an important tip if you really decide to sell your property in part. As you have already learned in the guide partial sale, you can sell your property in 2 ways: Partial or Partial including total sale in X years.

If you are considering an overall sale after X years, be sure to take a look at the:

Usufructuary right in the event of a total sale

Usufruct right simply means that you have the sole right to use your property – even after the sale (as well as in other cases, such as early inheritance).

Advantage: The usufruct right brings you the advantage that you are not dependent at any time, on the goodwill or the consent of the seller.

Partial sale possible despite current financing?

Partial sales are possible – by arrangement – but both you, as the borrower (property owner), and the bank, are fundamentally bound by the loan agreement you have concluded, at least for an agreed fixed-interest period. Ideally, therefore, your property is paid off.

What is the difference between partial sale and annuity?

Let’s first clarify the term life annuity: Under a life annuity, you sell your property in exchange for an annuity payment and simultaneous, lifelong right of residence and use. It is therefore a special form of selling a property. The advantage: liquidity.

• Mostly owners over 70 years
• Complete sale to a financial company
• In return, lifelong right of residence and use
• Additional monthly amount for you (life annuity)
• No additional costs / maintenance costs

Community of heirs: sale after inheritance

Is it possible to sell a share in a community of heirs? Yes. With reference to BGB § 2033 Paragraph 1, which states:

“Each co-heir may dispose of the share in the estate.”

More on the topic:

• Community of heirs: selling property

Divorce: sale after separation

Is it possible to sell a share from a separation or divorce? In the case of divorce, things are initially a bit more complicated. In principle, only after the separation year, but at the latest after the divorce, can spouses demand that their partner sell their home. Talk to the providers individually about this.

More to:

• Divorce: Sell property