{"id":7248,"date":"2023-03-25T23:13:42","date_gmt":"2023-03-25T22:13:42","guid":{"rendered":"https:\/\/www.citymalaga.com\/reverse-housing\/"},"modified":"2023-09-07T12:44:38","modified_gmt":"2023-09-07T10:44:38","slug":"reverse-housing","status":"publish","type":"page","link":"https:\/\/www.citymalaga.com\/en\/reverse-housing\/","title":{"rendered":"Reverse Housing"},"content":{"rendered":"\t\t
Telephone: + (34) 952 85 1613\n\nEmail: andalucia@aunmasvida.es<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
1. SELL THE HOUSE<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
2. GET A SUBSTANTIAL DOWN PAYMENT<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
3. CONTINUE TO ENJOY THE HOUSE FOREVER AS A TENANT.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
WE ARE OFFICIAL ADVISORS OF EVEN MORE LIFE<\/p>\n <\/div>\n \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
It is the sale of the full ownership of the property and the simultaneous signing of a lease for life, which guarantees you to stay in your home for life, with the flexibility to leave it prematurely without any penalty.<\/p>\n
Under this model, the seller receives the agreed amount at the time of sale and is retained the amount necessary to pay the rent for an estimated period of life. If the owner abandons the property earlier, the unconsumed retained amount is given to him or to his heirs in the event of death. If you survive the estimated period of life, from that moment on you will not pay rent, only utilities and community expenses.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Reverse housing, in general, offers a higher amount than the rest of the services in this market.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
The Vivienda Inversa adapts to your needs, it is the only product that covers the risk of premortem or early abandonment of the property.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t The sale of the principal residence by persons over 65 years of age is exempt from personal income tax.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t The transaction is formalized before a notary and registered in the Land Registry.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t The valuation of the property is carried out by an independent appraiser approved by the Bank of Spain.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t + ADDITIONAL AMOUNT IF YOU DECIDE TO LEAVE THE PROPERTY EARLIER<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t + SPILL COVERAGE GUARANTEE<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t + ADDITIONAL BENEFITS FOR LIFE<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t We help you in the whole process and formalization. Contact us and we will give you all the information and advantages of this product.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t \n Requirements:<\/strong>\n <\/p>\n \n Formalization process<\/strong>\n <\/p>\n 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.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t The amount to be received results from:<\/p>\n On the day of signing, 230,000 euros would be received, corresponding to the difference between the purchase price (350,000 euros) and the estimated rent (120,000 euros).<\/p>\n If you do not stay in the house for the estimated time, you will be entitled to receive an additional amount corresponding to the portion of the rent not consumed.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t You will be immediately credited for that portion of the unconsumed lease.<\/p>\n It is common for life circumstances to vary. Thus, the reverse housing is the most flexible product on the market, since in the event of leaving the house before the estimated term or in the event of death before the scheduled date, you or your heirs will receive the unconsumed portion of the lease.<\/p>\n Following the above example, if after 3 years (36 months) the seller\/tenant wishes to leave the property to go and live with a child, he\/she would be entitled to receive an additional amount of 84,000 euros, since 36,000 euros would have been consumed, corresponding to 36 monthly payments of 1,000 euros each, out of an estimated total lease of 120,000 euros (120,000 – 36,000 = 84,000).<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t You will be able to stay in the property as long as you wish, and the only cost you will assume will be the equivalent to the maintenance costs of the property (such as community or utilities).<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t The reverse tenancy covers both spouses, so that in the event of the death of one of them, the other will continue to occupy the home under the same conditions as the deceased spouse.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Excellent tax treatment<\/h3>
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Legal Warranty<\/h3>
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Full transparency<\/h3>
Additional Benefits of Reverse Housing<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Steps to follow to formalize the operation<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Frequently Asked Questions<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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