[https://www.immowelt.de/expose/26p6r59](https://www.immowelt.de/expose/26p6r59)
I was looking around immowelt and came across this listing. I’m not familiar with the concept of usufruct, but it seems like someone else would own while the person continues to reside in this property. Is that accurate? My command of the language is not strong, so I’ve been translating to English and I’m afraid I may be missing something. Thanks in advance and sorry if this is not the appropriate place to ask this kind of question.
2 comments
Nießbrauch means that someone has the right to keep living there, even if the place gets sold. They can even rent it out and keep the rent payments
What you can see in the discription is actually a usual scenario for this: the owner is elderly, 65 years old. She likely wants to spend the rest of her life in that house, but also does want to spare her heirs the trouble of having to sell the house, or does want to get some if the cash from selling for herself. If you buy it, you become the owner, but you will only be able to actually do something woth the land and house when the lady has died.
You can buy the building now for about half of what it is worth. But you can only actually use it (to either live there or rent it out) once the current owner dies. The current owner is 65. so it could be a while.
It can make sense for the buyer as a long-term investment. And the seller gets some money they can spend. In theory a win-win.
Personally, I would never buy such a house. I don’t want to hope someone else dies early so that I can benefit from the purchase.