SALE OF THE BARE PROPERTY
Receive a one-time payment in exchange for the sale of the freehold of your home and continue to use it for life.
1. SELLS THE BARE PROPERTY
2. GET AN IMMEDIATE LUMP SUM PAYMENT
3. CONTINUE TO ENJOY THE HOUSE FOREVER.
What is the sale of the bare property?
WE ARE OFFICIAL ADVISORS OF EVEN MORE LIFE
With the sale of the Nuda Propiedad, the owner of a home, over 65 years of age, transfers the ownership of the house in exchange for a one-time payment upon formalization of the transaction and maintains the right to continue using and enjoying his or her home for life.
This allows the seller to continue having the same life he/she has been having and also receive an instant amount of money all at once, which can be used to pay off a debt, enjoy it with the family, take trips, etc.
What modalities exist?
Mas Vida offers the following modalities for the sale of bare property:
SALE OF THE BARE OWNERSHIP WITH USUFRUCT FOR LIFE
With this modality, the person receives a single economic amount, reserving the use and enjoyment of his or her home for life.
SALE OF THE BARE OWNERSHIP WITH TEMPORARY USUFRUCT
With this option, the beneficiary reserves the usufruct of the dwelling for a determined and previously stipulated period of time.
The economic conditions of the operation are calculated taking into account numerous real estate, actuarial and financial factors, the most important of which are the market value of the property itself and the life expectancy of the beneficiary or beneficiaries, in accordance with the official tables of the Directorate General of Insurance and the National Institute of Statistics. If you want to know all the related information, you can visit our article in which we explain everything you need to know about the nuda propiedad.
Advantages of the sale of bare property
Both modalities described above include a large number of advantages and guarantees.
Formalization expenses
We make a preliminary analysis of your specific needs and preferences to determine if our products are what you really need.
Property expenses
The usufructuary will forever cease to pay the Real Estate Tax, the Community fees and the building insurance. You will only have to pay the ordinary community fees, utility bills (water, electricity, etc.) and the municipal garbage tax.
Legal Guarantees
It has all the legal guarantees, since it is a transaction that is formalized before a notary public and registered in the Land Registry.
Shared Ownership
The operation can be formalized by 2 persons or spouses, as long as they have the ownership of the property.
Rental and sale of usufruct
The usufructuary has the right to rent the dwelling or sell the usufruct if he/she deems it convenient.
Excellent tax treatment
If the transaction is carried out on a property declared as the habitual residence, the usufructuary is exempt from paying taxes on the increase in wealth in the IRPF.
Steps to follow to sell the bare property
We help you in the whole process and formalization. Contact us and we will give you all the information and advantages of this product.
Requirements:
- Preferably 65 years of age or older.
- Owning a property
Formalization process
- We meet with the interested party to learn about their preferences and specific needs.
- We analyze your case internally and present you with several payment proposals.
- We are looking for an investor interested in acquiring the house according to previously agreed conditions.
- The transaction is formalized before a notary and registered in the Land Registry.
In addition, after the formalization, the beneficial owners have the assistance and support of the Mas Vida team for the duration of the contract, since we act as a direct link in any question or procedure that may arise with the buyer.
Frequently Asked Questions
One or two persons, as long as they are the owners of the house.
An investor with extensive experience and a high level of specialization in the Spanish real estate market. At Mas Vida we work with the best professionals in the sector.
At the time of formalizing the product before a notary.
Yes, the amount you receive as a Single Payment can be used for any purpose you choose.
No, regardless of where you live you will continue to maintain the Right of Use and Enjoyment over it.
Yes, this allows you to get an income every month. At Mas Vida we take care of finding a tenant and managing the rent so you don’t have to worry about anything.
These types of expenses continue to be borne by the user, since the only maintenance expenses of the house that are transferred to the investor are the real estate tax, extraordinary payments and home insurance.
The Sole Payment (transfer of the Nuda Propiedad) is regulated in the Spanish Civil Code in articles 467 and 469.
The freehold of a house is composed of 2 rights:
- Nuda propiedad
- Usufruct
In Mas Vida we transfer the Right of Nuda Propiedad of your house, while you keep the Right of Use and Enjoyment over it for life.
Explore other Possibilities
BARE OWNERSHIP
Receive a one-time payment in exchange for the sale of the freehold of your home and continue to use it for life.
REAL ESTATE ANNUITY
Thanks to a previously stipulated monthly payment, you will be able to meet those expenses that until now were not within your reach and continue to enjoy your home forever.
REVERSE HOUSING
Reverse housing is a flexible and efficient financial solution for seniors to monetize all the savings they have deposited in their homes.
SALE WITH GUARANTEED RENTAL
Sell your home and continue to enjoy it as a tenant, thus getting rid of the costs of being a homeowner.
REVERSE MORTGAGE
With the Reverse Mortgage you will receive a monthly periodic payment and the possibility of a one-time payment at the time of incorporation. You will retain ownership and usufruct of the house and will not have to repay the mortgage during your lifetime if you choose to do so.
HOW MUCH MONEY IS RECEIVED?
with City Malaga Financial Services ?
In City Málaga – Mas Vida we consider the following factors to determine the Monthly Rent that corresponds to the usufructuary:
- Market value of the house
- Rental value of the house
- Owner’s gender and age
If you are interested in having us do a study of Nuda Propiedad we need you to send us the following information to our email andalucia@aunmasvida.es:
- Personal information of the interested party (copy of NIF, NIE or Passport).
- Documentation of the house (exact address of the property and the last receipt of the Real Estate Tax).
- Contact telephone number.
+ (34) 657 566 031 
+ (34) 952 85 1613Contact Us
We will get back to you as soon as possible