The decision to sell one house to buy another can be a logistics and financial challenge. From the alignment of purchase and sale deadlines to the fiscal impact and the possibility of resorting to a credit-credit, there are several aspects to be taken into account. Get to know the main steps to make this process simpler and safer.
1. Real estate market evaluation
Before selling, it is essential to understand the real value of your property and evaluate the demand for the type of house you want to acquire.
For this, you can resort to Professional Real Estate Assessments or consult online platforms that indicate average prices in your area.
Careful analysis helps to define a competitive price and to avoid too long waiting times for sale.
2. How to finance the new home? The Ponte Credit
If you need to buy before you sell, you can use a brunea financial solution that allows you to advance with the purchase without having to wait for the sale of the current property.
According to BANCO DE PORTUGALthis type of credit has a limited deadline, usually between 6 and 12 monthsand is intended for those who want to purchase a new property while waiting for the sale of the current.
Advantages and disadvantages of the credit-credit
- Advantages:
- Allows you to buy a new home without haste to sell the current;
- Avoids the need to temporarily lease;
- It can facilitate the negotiation of the sales price.
- Disadvantages:
- You can have higher interest rates;
- If the sale of the house takes more than expected, it can generate additional charges;
- Requires strict financial planning to avoid payment difficulties.
3. How to sell a house with housing credit for paying?
If the property you want to sell still has an active housing credit, you will have to request the bank the DISTRATE DA MORTGAGE.
According to BANCO DE PORTUGALthis document confirms that the loan was settled, allowing the cancellation of the mortgage in the Building registration.
If the credit is not yet fully paid at the time of sale, the bank will use the amount of sale to liquidate the remaining debtand the difference will be transferred to the seller.
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4.
If you sell the house for a higher price at which you purchased it, you may be subject to the payment of village tax.
According to the Article 10 of the IRS Codetaxation may be reduced or eliminated if the profit obtained is reinvested in the purchase of another permanent housing, provided that the reinvestment occurs within the period of 36 months.
Owners with Over 65 years that use the sale value for a Plan Savings Reform (PPR) or another savings product for the reform may also benefit from tax exemption.
5. How to ensure an efficient sales process?
If you have already made the decision to sell your home, follow these steps to ensure that everything stems from the best way:
-Obute a professional assessment: To define a realistic and competitive price.
-Prepare the documentation: Certificates, records and Energy certificate must be updated.
-Dulgue the property: Use online platforms and real estate networks to ensure visibility.
-Prepare home for visits: Small improvements and good presentation can increase the perceived value of the property.
-Negocie with clarity: Set a minimum value and be prepared to negotiate with potential buyers.
If you already have a property to buy, you can negotiate a Promotion Contract of Purchase and Sale (CPCV)thus ensuring that it does not miss the opportunity to purchase the new home while the sale of the current is underway.
Conclusion
Selling a home to buy another requires planning, patience and knowledge of the market and legislation.
With a well -defined strategy, specialized support and attention to tax and financial implications, it is possible to ensure that the transition between the real estate is done in an organized and advantageous manner, as explained.
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