How to sell your house and continue living in it

The full domain: naked property + usufruct for life

When a person acquires a property, he gets what is known as full domino. The full domino is divided between the naked property and the lifetime usufruct. In this case we would be talking about selling only the bare property, with which the person would continue to dispose while living on the usufruct of the home. The sale of the bare property is ideal for those elderly without heirs or who want to enjoy their home for life without any economic concern.

The naked property does not provide immediate possession of it

The naked property is the right that a person has over a thing. In this case we talk about a house, this being its owner from the moment of purchase. However, acquiring the naked property does not provide possession of it, since the usufruct belongs to another person.

That other person may make use and enjoyment of the property until such usufruct ends, being possible to establish a fixed term or determining a lifetime usufruct, that is to say until the death of the usufructuary.

The owner will enjoy the property when the usufruct ends.

Even if the owner is the owner of the home, he cannot enjoy it until the usufruct is over. Once the time has come, you will have the right to dispose of the property in good condition.

You can continue to use the property and receive the money from the sale instantly.

The main advantage, without a doubt, is to be able to continue making use of the house forever. A legally guaranteed security with the maximum guarantees, registered correctly and with notarial deed. In addition, the money from the sale is received at the moment of the cession of the bare property and at one time, allowing the usufructuary to enjoy his property and receive this immediate financial compensation.

If the usufructuary does not wish to continue living in his house, he may rent the house and obtain that rent in full. The lease is extinguished at the time of the death of the usufructuary, and even the usufructuary can sell the usufruct to a third person and obtain another income. Many homeowners are unaware that there is a way to sell their house and continue living in it.

The most common profiles among those who opt for bare property are those who have no heirs, elderly people who want to increase their income to live more comfortably and enjoy their free time, and those who want to ensure the welfare of their children.

But what is naked property? The consultant explains the main keys to understanding what it is about and why more and more are those who sell their case and continue to live in it.

The full domain: naked property + usufruct for life

When a person acquires a property, he gets what is known as full domino. The full domino is divided between the naked property and the lifetime usufruct. In this case we would be talking about selling only the bare property, with which the person would continue to dispose while living on the usufruct of the home. The sale of the bare property is ideal for those elderly without heirs or who want to enjoy their home for life without any economic concern

The naked property does not provide immediate possession of it

The naked property is the right that a person has over a thing. In this case we talk about a house, this being its owner from the moment of purchase. However, acquiring the naked property does not provide possession of it, since the usufruct belongs to another person.

That other person may make use and enjoyment of the property until such usufruct ends, being possible to establish a fixed term or determining a lifetime usufruct, that is to say until the death of the usufructuary .

The owner will enjoy the property when the usufruct ends.

Even if the owner is the owner of the home, he cannot enjoy it until the usufruct is over. Once the time has come, you will have the right to dispose of the property in good condition.

You can continue to use the property and receive the money from the sale instantly.

The main advantage, without a doubt, is to be able to continue making use of the house forever. A legally guaranteed security with the maximum guarantees, registered correctly and with notarial deed. In addition, the money from the sale is received at the moment of the cession of the bare property and at one time, allowing the usufructuary to enjoy his property and receive this immediate financial compensation.

If the usufructuary does not wish to continue living in his house, he may rent the house and obtain that rent in full. The lease is extinguished at the time of the death of the usufructuary, and even the usufructuary can sell the usufruct to a third person and obtain another income.

Shared expenses thanks to the naked property

With this sale, the expenses will also be lower for the seller, since he would only pay those corresponding to the ordinary consumption of the house (water, electricity, gas …).

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