by Dieter W. Heinichen Nowadays, many people have difficulties when considering sell for cash your home or your second residence. Over the years, many people have the need to sell your property. There are those who can no longer maintain two homes, many others, their life takes a turn and they have new needs or simply want a change of scenery. In Property National we want to expand a little the information about sell a property for cash with the help of experts from our team.
It may seem complicated and a long process, since many times we associate the concept of selling a property with a process with many paperwork. In the past, selling a home required a lot of documentation, financing, intermediaries and other procedures.
It is possible that we find ourselves in the situation or know someone who has been with several real estate agencies for a long time trying to sell their property. Thinking about this situation can throw us back, since many times we want to get rid of problems and not embark on long processes. Today, luckily, there are companies that under the motto “we buy your house in cash”, they expedite this procedure to a time of 7 days, making an offer in 24 hours.
REAL ESTATE is a company specialized in the urgent purchase of all types of real estate, in cash, in 7 days. They can buy your home both in Madrid capital and in the rest of Spain. In addition to ordinary flats and real estate, they also buy our lien, inheritances, divisions, etc
El sale process It is very simple. We can contact them through email or by phone. They have also enabled a form on their website to enter our data and for them to contact us. They have a guide available where they explain how the purchase process is carried out. Before offering us an offer, they ask us for details of our home and make a deeper assessment, in order to offer the optimal price.
When we accept the price, they expedite the process to formalize it before a notary within 7 days. Something that characterizes this type of purchase is that it is free of commissions and the entire management and advice process is free.
Einmuebles is a leading company in the real estate sector and has become one of the best real estate companies that buy flats urgently. They have over 18 years of experience in home buying and their highly qualified team strives to offer the best possible service.
His way of working is fast and efficient. They have high capital to be able to buy all kinds of real estate and properties without the need for financing. They have a physical office that is located in the center of Madrid. Although we can contact them electronically, we also have the possibility of going to their office in person.
When we decide to put our home up for sale, it is important to trust the buyer and that the sale is going to take place. In addition to being sure that we are going to receive the agreed price, it is essential to know that all the procedures are going to be legal and in accordance with national laws. Einmuebles is the company that gives us that confidence and peace of mind, doing all the legal procedures correctly and paying in cash.
Contents
Difference between cash and term
spot transaction
When we make one spot transaction it means that the exchange between the asset that is sold and the money that is paid for it takes place at the very moment of contracting. For example when you buy a flat in cash it means that at the same moment that the deed of sale is signed, the apartment is exchanged for the money it is worth.
Another thing is that the buyer does not have the money in his savings to complete the transaction for the stipulated purchase price, in this case the bank intervenes by granting the buyer a loan, normally with Mortgage, so that the buyer can deliver the money from the sale in cash, but then return it to the bank little by little.
forward contract
In a "forward" contract, an exchange between an asset and an amount of money is agreed upon, the contract is signed, but the exchange does not take place until the expiration date of said term. These types of operations are very common in the financial asset markets. For example, it is agreed that a certain amount of US dollars will be sold against Euros at a certain exchange rate, but instead of contracting the transaction "in cash", it is agreed to do it "in term", for example, in one year. This means that the buyer and seller of the US dollars agree on the amount, the price or exchange rate and the expiration date, sign the contract and say goodbye without making any exchange, but with the commitment to see each other again. after a year to give the seller the US dollars and the buyer the Euros, according to what they had agreed to last year.
Naturally, there must be a degree of trust between buyer and seller, or the appropriate guarantees, so that both comply with the sales contract signed, but not settled.
In the financial markets, most of the transactions are carried out “on time” in fact even “spot” transactions do not take place at the time of the agreement but two business days later, which is known as “spot” or spot . This custom comes from when the transaction settlement and communication systems required a minimum period of two business days to complete. Other very common terms are "overnight", that is, transactions that are completed from today to tomorrow, and all terms between cash and one year, for example, one week, one month, two months, etc.
Deposit contracts
Deposit contracts for financial assets also have durations similar to the terms for settlement of purchases, for example a deposit of a certain amount of foreign currency in another bank may have the duration or term of one day, which may be “overnight”. say I lend it to you today so you can return it to me tomorrow, «spot/next» that is, I lend it to you on the date that the cash contracts expire and you return it to me the next day, «tom/next» that is, I lend it to you at next day (tomorrow) of the date on which the cash contracts are settled, and you return it to me the next day, and the simplest terms from one month to one year, which means that I lend you the financial asset the day it is they settle the operations in cash and you return it to me after a month, two months,… up to a year.
We should not confuse “term” purchase and sale operations with deposits for a certain term. "Forward" purchase and sale operations are contracted today and are settled on the agreed maturity or term. Deposits are contracted today, start on the agreed date and are returned at the end of the agreed term.
