Adnan Pecenkovic/ March 28, 2018
Annuity - what is different than when you buy?
Purchase on life annuity, the purchaser at regular intervals making agreed payments to the seller, until it dies. With the death of the seller, the property in the possession of the purchaser passes.
- Owner takes off and leaves the House immediately to the future owners.
- Owner is living in the House, only insert the new owners if owner is deceased.
- The real estate is so great that owner and purchaser together it can stay.
Advantages and disadvantages for the seller
In today’s times, where the old-age poverty plays an increasingly important role and the financial situation of the majority of the population looks problematic, the sale on life annuity is an interesting option, to supplement his income or pension. And without having to give up his property during his lifetime. At the same time it carries the same risks as with a rental. The purchaser must be liquid, regular payments should protection be secured for example by the registration of a lien in the land register or the template of a bank guarantee, if the buyer loses its creditworthiness.
, Experts on annuity sales also recommend the agreement of a value or interest rate, which is based on the consumer price index. So the cost of living to rise, increases the height of body pension payment because otherwise quickly has a “money-losing” proposition.
Tip:
Advantages and disadvantages for the buyer
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Mr Ivica Petrovic, MBA
- CEO - Specialist in gastronomic and commercial of real estate expert
- ivo@petrovic-immobilien.com
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