There are several alternatives for seniors who own a property to get liquidity to improve or maintain their standard of living when they retire and also continue living in their usual home. It is about the sale of the naked property with reservation of the usufruct or of the right of habitation, of the reverse mortgage or of the life annuity, some suitable alternatives for owners of an advanced age.

The sale of the naked property supposes that the owner of a property sells the ownership of the latter in exchange for single or periodic payment, the so-called annuity, and this solution allows it to continue enjoying the dwelling until its death. Keep in mind that if the buyer is a third party, not a family memb, the legal heirs cannot reclaim the property.

Also it is worth knowing that the owner will receive less money for the property than with a normal sale, approximately it will be between 50% and 80% of the market price.


In the case of the annuity, the great advantage is that the owner makes sure to receive a monthly amount for life, maintaining the lifetime usufruct of the property.

The reverse mortgage consists of a loan in which the dwelling acts as warranty.

Focus Legal Lawyers is at your disposal to advise you on these matters if they are of your interest.

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