Viagers
Do you know about buying or selling property with the french “Viager” system?
You are a landlord and have reached retirement age, but you cant live confortably with the small pension you get from having worked all your life? sell with the french”Viager” system.
Process example:
You are over 70 years old and posses a property witch is worth 150 K€, the Viager system enables you to sell the property in the following ways:
You sell the property in exchange of an amount of money witch is quite inferior to the actual value of your property (ex:45 000 €), but you get to stay in it, and, on top of that, receive a monthly pension (ex:650 €/month) from the buyer, during your whole lifetime. If you want to sell a property you are not planning to continue living in, or never even lived in, you still get the same amount of money as in the occupied Viager system (ex:45 000 €), but your lifetime monthly pension is increased by up to 30% (ex:845 €/month).
Why buy a property with the Viager system ?
Buy an occupied viager property is interesting for an investor who wishes to resell the property with an important value add due to time and real estate speculation.
Buying a nonoccupied Viager property is interesting because the money the buyer gets from renting the place major finances the pension he ows the Viager seller. That way he gets to own property for a very little financial investment.
You are a landlord and have reached retirement age, but you cant live confortably with the small pension you get from having worked all your life? sell with the french”Viager” system.
Process example:
You are over 70 years old and posses a property witch is worth 150 K€, the Viager system enables you to sell the property in the following ways:
Why buy a property with the Viager system ?
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