The repurchase sale: an advantageous way to keep your property

Repurchase selling is a little-known but very useful method for homeowners who are experiencing financial difficulties or need money quickly.

Repurchase selling is a little-known method for homeowners who want to sell their property, but it can be very useful for those who are experiencing financial difficulties. The term "repurchased" refers to a clause in a contract of sale that allows the seller to buy back his property within an agreed period, reimbursing the buyer the principal price and the costs of its acquisition.

The principle of repurchase selling is simple.

If an owner encounters financial difficulties and has an urgent need for money, he can sell his property, but retaining the possibility of buying it back for a fixed period, usually between six months and five years, according to the terms of articles 1659 and following of the Civil Code. This solution allows owners to keep their property and clean up their finances.

The main advantage of the repurchase sale is that the seller can become the owner again after repaying his debts, without having to solicit credit organizations, especially if he is in a situation of over-indebtedness. The seller also has no additional interest to pay at the end of the transaction, making it an ideal method to restructure its debts.

In addition, repurchase sales avoid foreclosures and auction sales, which can be very helpful for those who are experiencing financial difficulties. The repurchase sales process also makes it possible to regain financial health without going through a credit organization.

The principle of the repurchase sale also avoids selling off your property or rushing during the sale. Owners can unlock cash quickly, usually between 60% and 75% of the value of the property, while remaining occupants and having a period of time to buy back their property.