We will talk about the real estate cancellation and a priori, the cancellation rate is falling in Brazil, according to the Brazilian Association of Real Estate Developers (Abrainc). This data may be related to the new cancellation law, the same that regulates the relationship between buyer and construction company. It is a good time for the real estate sector to invest, especially for those who have been planning to acquire their own home for some time. Banks have competed with each other and this favors advantages for the portability of real estate financing.
With that in mind, we decided to create this super cool content so you can learn a little more about real estate cancellation, how to avoid it and put aside some headaches, in addition to knowing everything about the regulations of the 2018 cancellation law. ? Real Estate Termination: What is it? When a buyer of property still in Whatsapp Mobile Number List the plant or of a residential lot decides to cancel the contract after making a part of the payment for the property to the builder or developer, it is when the contract is terminated. This same amount is an initial amount and is not part of the financing, which can be done with banks. That is, the cancellation occurs before the financing with the bank.
At this point the purchase and sale contract is terminated with the developer and there are penalties according to the dissolution law. It is worth mentioning that the cancellation can only be requested before delivery of the finished property. Appeared in 2018, the dissolution law provides for the consequences of withdrawing from the purchase of a property, including the conditions under which the cancellation can occur and the percentage paid by each side, such as fees and fines, for example. How are developers affected by the cancellation? Despite the penalties imposed on buyers who give up the purchase, even builders and developers suffer from the losses caused by the cancellation of real estate. In addition to not receiving the value of the sale of the property.