Sale of Bare Property
With the Bare Property Sale you will be able to sell the ownership of your property and retain the usufruct for life, so that you will get a large amount of money for your house, without leaving it!
You can receive the amount in a single payment, in monthly payments, or a combination of both. Discover Bare Property.
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More than 50.000 people have already been guided to increase the profitability of their homes.
What is Bare Property Sale?
With the sale of the Bare Property, the owner of a home, over 65 years of age, transfers ownership of the house in exchange for a single payment when formalizing the operation 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 they had been having and also receive an amount of money instantly and in one go, which can be used to pay off a debt or mortgage, enjoy it with the family, take trips, etc.
Bare Property Sale Modalities
At Mas Vida we offer the following options for the sale of the bare ownership:
Usufruct for life
With this option, the retired person receives a one time payment whilst continuing to use and enjoy the home for life.
Temporary Usufruct
With this option, the seller retains the use of the home for a determined and previously agreed period of time.
Distribution of Expenses in the Sale of Bare Ownership
Seller / Usufructuary
- Maintains the right to use and enjoy the property
- Expenses to be covered: ordinary community fees, contents insurance, urban waste tax, and utilities. As well as the Municipal Capital Gains Tax.
Buyer / Investor
- Purchase the ownership (bare ownership) of the property
- Expenses to be covered: Property Tax (IBI), extraordinary assessments, and building insurance. As well as expenses incurred during the sale (Property Transfer Tax, notary, and registration).
Calculation of the Amount to Receive
The economic conditions of the operation are calculated taking into account numerous real estate, actuarial and financial factors, the most important being the market value of the property and the life expectancy of the beneficiary or beneficiaries, according to the official tables of the General Directorate of Insurance and the National Institute of StatisticsIf you want to know all the related information, you can visit our article in which we explain everything you need to know about the bare ownership.
Market value
It is obtained after carrying out a market study or through an official appraisal.
Life or Temporary Usufruct
If it is for life, the calculations are made based on the life expectancy of the usufructuary's age, according to the National Institute of Statistics.
Operation Type
You can choose between receiving a single payment, a monthly income or a combination of these.
Steps to Follow to Sell the Bare Property
Requirements
To carry out this type of operations, only two requirements are needed:
1. preferably have 60 years or more.
2. Be owner of a property.
Formalization process
1. We meet with the interested party to learn about their preferences and specific needs.
2. We analyze your case internally and present you with several payment proposals.
3. We look for an investor interested in purchasing the house according to the previously agreed terms.
4. The transaction is completed before a Public Notary and registered with the Land Registry.
In addition, once the contract is formalized, you will continue to have the comprehensive support of Mas Vida.
Our multidisciplinary team—made up of real estate lawyers, administrative managers, financial advisors, and our own customer service team—remains at your disposal throughout the life of the agreement.
Single Interlocutor
We assign an account manager who will handle any questions or paperwork with the buyer so you don't have to worry about additional procedures.
After sales support
We have direct lines (phone, email, and WhatsApp) to address contractual questions, notarial reviews, payment adjustments, or any unforeseen issues that may arise.
Proactive monitoring
We send deadline reminders and regular updates on the status of your requests, ensuring that everything is resolved with the speed and transparency you deserve.
Thus, your peace of mind is guaranteed from the moment you sign the contract until the last day it is valid.
Advantages of Selling Bare Property
Free formalization expenses
The seller will not have to pay any kind of expenses related to the Notary's Office, the Property Registry and the Notary's Office. All the taxes derived from the operation will be assumed by the buyer, except for the Municipal Capital Gains Tax, which will be assumed by the seller.
Legal guarantees
It has all the legal guarantees, all transactions are formally completed before a Public Notary and registered with the Land Registry.
Shared Ownership
The operation can be completed by two people ( e.g. spouses), as long as they are both the homeowners.
Forget the IBI and the spills
The usufructuary will stop paying for ever the receipts of the Real Estate Tax, the Community fees and the building insurance. It will only have to assume the ordinary quotas of the Community, the receipts of the supplies (water, light, etc.) and the Urban waste tax.
Rental and sale of usufruct
The usufruct holder has the right to rent the property or sell the usufruct.
Excellent tax treatment
If the operation is carried out on a property declared as habitual residence, the usufructuary is exempt of paying taxes for the increase of the patrimony in the IRPF.
We Offer You a Totally Free Study
We carry out a study and valuation of your property completely free of charge. After closing the operation before a notary, you can use the amount received as you prefer.
Enjoy financial freedom!
Comparison with Other Services
| Sale and Leaseback | Single Payment | Real Estate Life Annuity | Reverse Mortgage | Reverse housing | |
| Purchase price | Approximately 70%-75% of the value of the property | Depends on the age of the owners | Depends on the age of the owners | There is no purchase price because the home isn't for sale. The mortgage amount received is a maximum of 40% of the property's appraised value. | Approximately 70%-75% of the value of the property |
| Condition of use | Rent | Usufruct | Usufruct | You are still the owner | Rent |
| Warranty | Notary and Property Registry | Notary and Property Registry | Notary, resolution clause and Property Registry | Notary and Property Registry | Notary and Property Registry |
| Tax advantages (over 64 years of age and habitual residence) | Total exemption in the increase of assets (IRPF) | Total exemption in the increase of assets (IRPF) | Partial exemption (from 80% to 92% depending on age) in the increase in assets (IRPF) | Reverse mortgages are not subject to personal income tax. | Total exemption in the increase of assets (IRPF) |
| Formalization expenses | Municipal Capital Gains Tax and fees | Municipal Capital Gains Tax and fees | None | Independent appraisal and advice | Municipal Capital Gains Tax and fees |
| Maintenance expenses | Ordinary community fee, Supplies, Urban waste tax, Contents insurance | Ordinary community fee, Supplies, Urban waste tax, Contents insurance | Ordinary community fee, Supplies, Urban waste tax, Contents insurance | IBI, Ordinary community fee, Supplies, Extraordinary contributions, Urban waste tax, Building insurance, Contents insurance | Ordinary community fee, Supplies, Urban waste tax, Contents insurance |
Learn about Real Cases of Our Clients
Learn about the experiences of those who have transformed their financial lives with Mas VidaWith many years of experience in the sector and hundreds of satisfied customers, you can completely trust us.
Operations carried out throughout Spain
Portfolio investors
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Increase in operations this year
Still have questions? We'll answer them on our blog.
FAQ
How many people can contract the product for the same house?
One or two people, as long as they are the owners of the house.
Who acquires the Nuda Property of your house?
An investor with extensive experience and a high level of specialization in the Spanish real estate market. Mas Vida We work with the best professionals in the sector.
When do you receive the Single Payment?
At the time of formalizing the product before a notary.
Can you use the Single Payment received to pay off your mortgage?
Yes, the amount you receive as a Single Payment can be used for the purposes that you decide.
Do you need to live in the house after formalizing the product?
No, regardless of where you live you will continue to maintain the Right to Use and Enjoy it.
Can you rent the house?
Yes, this allows you to earn an income every month. Mas Vida We take care of finding a tenant and managing the rental so you don't have to worry about anything.
And if you have to repair the windows of the house or change the fridge… Who bears these expenses?
This type of expense continues to be assumed by the user, since the only home maintenance expenses that are transferred to the investor are the Real Estate Tax, extraordinary spills and home insurance.
product regulation
The Single Payment (transfer of Bare Ownership) is regulated in the Spanish Civil Code in articles 467 and 469.
Full Ownership
Full Ownership of a house is made up of 2 rights:
- Bare property
- Usufruct
En Mas Vida We transfer the Right of Bare Ownership of your house, while you continue to maintain the Right of Use and Enjoyment over it for life.
Possible risks, disadvantages or trade-offs of selling the bare ownership
When you sell the bare ownership, you receive less than the market value because the buyer discounts your right of use; you also waive future revaluations. After signing the contract, you cannot encumber or transfer the property without the bare owner's approval, and undoing the transaction is very complicated. As the usufructuary, you continue to assume the house's current expenses.
What are the tax implications of selling bare ownership?
If you are 65 or older and the property is your primary residence, the gain is exempt from personal income tax; otherwise, it is taxed at 19–28%. As a general rule, you must also pay municipal capital gains tax, while the buyer is responsible for property transfer (ITP) and other taxes, leaving you with only the notary and registry fees.
What implications does the sale of bare ownership have for the heirs?
Upon the death of the usufructuary/seller, the buyer automatically consolidates full ownership, meaning the usufructuary's heirs will not receive the property but rather the net assets left behind. They can only challenge the sale if they prove fraud, and the termination of the usufruct does not generate any additional municipal capital gains.
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Ready to take the first step towards a worry-free financial life? Contact us today. Our expert team is here to answer your questions and guide you on the path to a better life.