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Exchange is a modality that can be applied to any type of property, be it a house, apartment or even land. This practice basically consists in exchanging a good with equivalent value in a property, not requiring the payment to be made in cash. Even so, it is possible to complement the values, if the property to be exchanged has a value lower than the order in the property.
But after all, what goods are valid for barter? In which cases is it worth using this feature? Can I contract this transaction? These questions about real estate exchange are quite common and we will help you to clarify your doubts and understand if the use of this type of modality is applicable for your properties.
Property swaps have become popular due to the difficulty of some owners to sell, often due to the crisis. The modality is still a challenge in the market, but it can become a good bargaining chip if it is interesting for both parties. With the requirement of loans and financing for the vast majority of property purchases made in the country, this type of negotiation can be an opportunity for those who want to own their property, but want to escape from long-term debt.
The assets valid in this type of transaction are real estate in general, such as: houses, apartments, land and units that are yet to be built. It is allowed, for example, to exchange land for the construction of a building in exchange for units after the completion of the project. This is one of the cases where there is greater advantage for those who make this type of agreement.
The main condition for doing business in this format is that everything is agreed between the parties involved and the transaction has a contract that formalizes the deal, as it is a legal agreement and must be registered. The deed costs between 4% and 6% of the total value of the property.
One of the advantages of this type of negotiation is the exemption from the Income Tax tax, since it only applies in case of supplementing the value in cash. What happens is that the Internal Revenue Service sees the property as the same declared by the former owner, making the payment of the tax unnecessary. In cases of payment, when the customer supplements the amount, the Tax must be paid by whoever received the amount, which will be proportional.
Another advantage is the escape of installments of loans and financing with interest, in addition to less bureaucracy. After exchanging the property, the new person in charge can do whatever he/she wishes with the property, whether it is rent, resale, housing or even the construction of a new development.
In order not to have losses in this type of “purchase”, it is very important that you know how much the good you are offering for exchange is worth. For this, you can call a broker or real estate agent to analyze the values according to the structure of the house/apartment, region where it is located, conservation, among others.
With this information in hand, you will have an idea of how much you can invest, if you need to complement it, or even the level of the property you will get in the exchange.
Certainly this is a modality that is worth more research by property owners and a good conversation with your trusted broker to clear up any doubts. If you see an opportunity to work with this demand, do not hesitate and invest in what you like most in the real estate market.
