Real estate: this little -known protection can avoid a big loss to resale

The buyers currently having negotiation margins of around 5%, the risk of lower value is great for those who bought at a high price. Here is a way to protect yourself from it.

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If, after two years of decline, the prices of old housing have been stabilizing since January nationally, they however continue to fall in large metropolises. Precisely where they had soared over the past decade, as in Nantes and Bordeaux. The risk of sail is therefore very real for households that had bought at a high price ten years ago and who are forced to resell today. A risk against which it is possible to protect yourself by means of a relatively little known device: the resale warranty.

Optionalthis insurance can be taken out at the time of the acquisition of a property, from a real estate agent. “It is not possible to contract a resale warranty for a purchase on Leboncoin, between individuals. This must be done through a real estate agentwhich will certify the value of the property ”explains to Capital Christel Caterino, head of the real estate center with usassur. This insurance broker has developed a resale warranty, marketed since the start of the year by the network of real estate agencies. The latter is indeed looking to “Reassuring rental investors, who are starting to return to the market”after two and a half years of real estate crisis.

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The resale warranty is paid when purchasing

But the resale warranty, Reserved for natural persons And to family real estate companies, also applies to buyers of main and secondary residences. How does it work? Take the example of a couple, Louise and Arthur, who buy an apartment at a price of 200,000 euros. In addition, there are 10,000 euros in agency fees, 10,000 euros in notary fees and 10,000 euros in work. The resale warranty applies to all these expenses but supports the cost of work up to only 50%.

The sum which is the subject of the resale guarantee therefore amounts to 225,000 euros in our example. It covers a capital loss of 20% of the total operation, or 45,000 euros here, up to a ceiling of 30,000 or 50,000 euros, depending on the option chosen by the buyer. The first option will cost him some 600 euros, the second, around 800 euros. A price paid at one time when signing the act of authentic purchase.

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An unforeseen assignment

Three years later, Louise and Arthur divorced and decided to resell their property to settle each on his side. The outbreak of credit rates has been there, so that no potential buyer is able to offer them more than 215,000 euros, i.e. a capital loss of 10,000 euros Compared to the total cost of their purchase. The resale warranty then comes into play, the insurer paying this difference from 10,000 euros to Louise and Arthur.

“It must be a unexpected resaleundergone “underlines Christel Caterino. As in the case of a divorce, therefore, or else a dissolution of PACS, accidental death, economic dismissal, or multiple birth. A young couple who has just bought a two -room room and then discovers that they are waiting for triplets, which requires reselling the property to buy a larger one, can make the resale warranty play. Ditto for owners who would see a train line, a highway or a cemetery build in the immediate vicinity of their property, necessarily devaluing it.

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A resale in the seven years

A resale due to Professional change is also taken care of by this guarantee, provided that the distance between the new workplace and the home exceeds 50 kilometers. Another condition to benefit from the resale guarantee, the transfer of the property must take place in the seven according to its purchase. This corresponds to the average conservation duration of a credit, explains the address. “Or a marriage”smiles Christel Caterino.