A homeowner has a terrific tool for getting money by exploiting the value of the property. How? Selling the bare ownership. Let’s briefly see what bare ownership is and what benefits can be gained from this particular sale.
The bare ownership is nothing more than the value of the property reduced by its usufruct. Whoever owns a house can sell its bare ownership, maintaining the right to live in it even for life (right of usufruct). Whoever buys the bare ownership acquires the property rights of the property but cannot enjoy the use of the property. At least until the expiry of the usufruct contract.
The greatest advantage of those who sell the bare property is to obtain a capital equal to a part of the value of the property. But continuing to have the opportunity to live, and wanting to rent, the property until the expiry of the usufruct contract. But who could decide to take advantage of the sale of the bare property? For example, those who need immediate capital. Instead of selling the house, and then having to look for a new solution, he could sell the bare ownership. However, it would retain the right to stay there and live for a lifetime.
Few people know that you can sell a house, collect the money immediately and continue to live in it for life without paying anything
Let’s try to imagine a childless couple, who have no direct heirs upon their death. Once the second surviving spouse also dies, the house would go to some second degree relative, perhaps a cousin. Then the solution could be to sell the bare property and immediately obtain part of the value of the house. With a usufruct contract, both spouses could keep the possibility of living there until the death of both. Yet this possibility is poorly understood. Few people know that you can sell a house, collect the money immediately and continue to live in it for life without paying anything.
Attention. The usufruct contract also offers another great advantage, namely that of being able to rent the apartment. In fact, those who have the usufruct on a property can decide to rent it to a third party. In this case it is the usufructuary himself who collects the rental money, not the owner. So by selling the bare ownership, thanks to a usufruct contract, the use of the house is guaranteed. It can be lived in or rented out.
The advantages of buying bare ownership
At this point the question arises spontaneously. Why buy bare ownership if you can’t use it? Because you buy a property at a much lower price than the market value. Whoever buys the bare ownership of a property makes an investment that is doubly re-evaluated over time. Today this type of sale is growing in interest. Also thanks to the golden opportunities of the real estate market which offers housing at lower prices and mortgages at the lowest rates in the last thirty years.