Buying and selling Roatan Honduras real estate

 Real Estate Payment: understand everything about the topic!

The donation in payment of real estate is a way to pay off a debt indirectly. Thus, it is equivalent to the settlement in money, signing an agreement between the parties. Its regulation takes place by the rules of the purchase and sale contract.

 That is, it is a way of extinguishing a debt by replacing an original payment. To understand more details, follow everything on the subject and ask your questions about payment in kind.

 Buying and selling Roatan Honduras real estate with exchange or donation: understand the precautions you should take.

 What does payment in payment mean? Understand the concept

 In-payment is an agreement in which the creditor agrees to receive from the debtor a replacement for the original payment.

 To be clearer, imagine that someone owes R$ 30,000 to a bank, but does not have this amount in cash. Then, the person offers a car worth the debt for discharge.

 This process can be done with virtually all assets on behalf of the debtor . However, it is more common for the creditor to accept real estate in the payment of debts. The important thing is that the property is equivalent to the amount owed.

 After establishing the values, just close the deal and sign the contract. With this, the creditor retains possession of the property, while the debtor has no further commitment to pay.

 How does the donation work in the purchase of real estate?

 The dation works when there is an overdue debt. Then, the creditor agrees to receive a miscellaneous payment, as an asset. If there was interest from the parties, it is possible to close the debt by offering this property.

 Although one of the main forms of payment in payments is using real estate, it is necessary to pay attention to this. This transaction has specific characteristics that must be considered.

 If the person receives a property to pay off a debt, he can pay taxes on it. This happens, since the operation is a sale. Thus, it is subject to the incidence of Income Tax.

 Therefore, when declaring the IR, it is necessary to determine a capital gain from the transfer of the property . So, it is essential to know that there is the possibility of a 15% tax rate.

 What must a contract for the donation of goods and real estate contain?

 It is important that the creditor's consent is clear in the dation contract so that the payment can be replaced. After all, this is the exchange necessary to finalize the outstanding balance between them.

 You must also have the correct valuation of the property. For this, it is essential to know how much the good is worth and if it is at the requested value. At this point, real estate consulting is essential to avoid errors in the calculation.

 It is worth noting that the method of payment made is different from the established one. Thus, it will be clear that a property has entered the negotiation as an exchange.

 After specifying what is being offered in the dation in payment and the amount of the debt, it is enough for the parties to sign the contract and complete the process.

 Real estate payments: pros and cons!

 Of course, the process of giving in payment of real estate has its particularities. Thus, it can bring advantages and disadvantages. Keep track of the positive and negative sides of opting for this way.

 Benefits

 ·         Streamlines the selling process: Selling a property can be very time consuming. As for the payment of real estate, the process is fast, because there is the interest of the parties.

·         It reduces bureaucracy: this happens since it is not necessary to go through the visit of interested parties, negotiation of values ​​and other procedures for the sale of properties.

·         Increases purchasing power: when there is economic instability, the sale can take months or years, not to mention the devaluation of the asset in some cases. What does not happen when making the donation in payment.

·         Possibility of continuing in the property: the former owner can continue to live in the house or apartment until the deal is finalized. This is very advantageous, especially when the process is done to get a new property.

 Now follow the challenging points if you choose to give in real estate payment.

 Disadvantages

 ·         Difficulty in passing the property for the price it is worth: the creditor needs to pay the document of the good received in the donation and other expenses, such as commissions. This leads to a drop of 10% to 30% in the total property.

·         Need to pay attention to values: it's important to be aware of the difference in the values ​​of new and used property, so that it doesn't come as a surprise when sending the balance financing.

·         Judicial care: it is necessary to make a good judicial contract so that there is no fraud against creditors.

 Knowing the advantages and disadvantages of a dation in payment of real estate, it is up to each dealer to assess whether it is the best way for their case.

 Process for giving property: see how to do it!

 The first step in the real estate assignment process is to find a reliable Roatan Real Estate. So a registered broker can start all the paperwork.

 Trying to make the transaction yourself can end up creating major complications and increasing the chance of errors in the documents.

 Then, the broker can assess what you are looking for by collecting data on the asset. This is essential to properly appraising your property. Among the questions are:

 ·         Localization;

·         Size

·         Number of parking spaces in the garage;

·         Finishing;

·         New or used;

·         Plumbing;

·         wiring;

·         If you need renovations, etc.

 As it is necessary to negotiate the values, the broker works as a mediator in this process. Thus, it makes everything safer and more professional.

 After all, is it worth relying on the donation when buying a property?

 The process of giving in payment of real estate needs agreements and contracts. It is still necessary to do a good examination of debts. With the debtor's documents, it is possible to provide legal certainty for the business.

 So, giving in payment of real estate is worth it if you want to pay off a debt and don't have all the cash value. From the pros and cons, you can understand if this is the best option at this moment. Now that you know more about donation, enjoy and find your dream property at Bridge.

Read also: Property purchase and sale document: what it is, importance and more!