ATTENTION INVESTORS!! APARTMENT WITHOUT POSSESSION IN REINA VICTORIA AREA

BH Real Estate presents this asset without possession, in the Reina Victoria - Poeta Miguel Hernández area. 3 bedroom, patio, mezzanine, great location. ~~READ CAREFULLY!! ~Visits cannot be made.~What is considered a home with squatters?~Before going into the subject, it is important to clarify what exactly is considered an occupied home. According to the Royal Spanish Academy (RAE), "squatting is an anti-system movement that advocates the occupation of uninhabited other people's properties". Squatters are, also according to the RAE, "people who settle in an uninhabited house or premises, without the consent of the owner".~~Therefore, a squatted house is one in which people live who do not have the permission of the owner - whether natural or legal person - to do so. In other words, they have settled in it illegally.~Who owns the homes with squatters?~Many of these properties have become part of the real estate stock of some banks, which have ended up taking them, as their owners are unable to pay their mortgage payments. In this case they are considered squatted since many of these people have been evicted but have never left the homes.~Some owners of properties that have been squatted decide to put them up for sale to avoid the long process that the situation entails.~On other occasions they are the owners of properties that have been squatted, who decide to put them up for sale. In this way they avoid the long process involved in dealing with a situation that can drag on for years, despite having to sell it for a lower price than the market price.~Pros and cons of buying a home with squatters...~As we have already mentioned, the main advantage of buying a squatted home is the price: both the flats of banks and those of owners who have occupied the properties sell these properties at a a price lower than the market price. The former because they prefer economic solvency and the latter, generally, because they prefer to sell rather than have a property in these conditions.~The main advantage of buying a squatted home is the price, which is usually well below the market price, one of the main disadvantages of buying a squatted home is the fact that the new owner will not be able to access it -neither live nor rent it- until he or she evicts, something that, as we have mentioned, can take a long time to pass and require all kinds of tedious legal actions. In fact, it is probably the new owner who will have to file an eviction lawsuit. Likewise, the property may have suffered some type of damage that has not been repaired, so the new owner must fix it and pay for it as soon as it can access it. Related to this, there is the impossibility of appraising the property, as there are people inside.~The new owner of the squatted property will not be able to access it -or live in or rent it- until he or she is evicted, nor will he know if it has been damaged~In this case, online appraisals such as Fotocasa's can be used, but as we say, the state in which it is found cannot be assessed. However, it should be noted that some contracts for the sale of this type of property contain clauses that cover the possible damage it has suffered. How to buy a home with squatters? It is advisable to seek legal advice and be reliably informed of the pros and cons of carrying out this type of sale.~~Reference BHP24234~AGENT: PAOLA CHAVES~☎️686882478 or by WhatsApp ~~~We are at Calle Velarde 1, in Elche (Alicante)~Office 622 574 050~www.inmobiliariabh.com~~Price: 65.000€ Taxes not included ~The information contained in this announcement may contain errors and has no binding legal effect. It is published at an informative and non-contractual level.