Can the bare ownership of a second home be sold?

The current crisis in public pension systems based on outdated pay-as-you-go schemes has led to the resurgence of a figure dating from ancient times. The sale of the bare property has come to rescue hundreds of retirees who, through this option, have solved critical and recurring economic problems.

Generally, the full owners who rely on this negotiation are seniors with a significant gap in their income budget, based exclusively on the amount granted by their pension. Thus they obtain an income that complements it and additionally they preserve their place of residence.

However, the reality is that there is no restriction for this type of contract in which the ownership of the property is transferred in exchange for an amount or rent. If someone owns more than one property, they can perfectly negotiate the bare ownership of a second home.

Evaluating all options

Even having several real estate, the lack of liquidity may be the reason to proceed in this regard. Of course, the first option that comes to the mind of the owner may be the rent; however, in some cases it may not be feasible.

For example, in the event that that second home is being occupied by elderly relative, financial difficulties may not be morally appropriate grounds to ask for their eviction and proceed to sell or rent.

In such a case, the possibility of negotiating the bare property can be evaluated, and in this way obtaining liquidity, also guaranteeing that current residents retain the usufruct and, as a consequence, their place of residence.

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Another option that may result for this type of circumstance is to obtain a mortgage at the cost of the property. This does not imply the renunciation of ownership or the eviction of the current inhabitants of the same; however, you will have to bear all the expenses and interest that this type of loan entails.

That is why the sale of the bare property should not be ruled out to get out of some money trouble, since it does not involve expenses and interests, and a clause could even be included where the repurchase of the property is stipulated when the term of the usufruct expires.

Although this is not very usual, by mutual agreement a repurchase value can be established that is sufficiently attractive for the owner and, if the economic moment, then it is propitious to have this prerogative.

Advantages of real estate investments

In any case, having investments in the real estate sector provides many options to resolve cash shortages with the most favorable conditions and the sale of the bare property of a second property may be the one that is appropriate for this situation.

The fact of being able to preserve the usufruct condition makes the sale of bare property an advantageous solution , not only for those who transfer it and keep their place of residence, but for investors who are looking for opportunities that do not necessarily mean the outlay of large capital in a single payment.

The business of bare ownership

The delivery of a periodic income is a way that a person who does not have large amounts of capital can access the ownership of a property, which he eventually owns fully. For the duration of the usufruct term, you are also helping to supplement the income of someone who may be in serious trouble.

Any of the real estate properties that you own is available for your bare property to be transferred. Of course, it will always be advisable to weigh all the other options at hand before making a final decision.

What will always be in favor of the sale of only the deeds of a property will be the advantage of continuing to use it as a residence or even rent it if you wish. This can certainly tip the balance to decide assertively.