One of the ways to get a cheapest house and pay less in the mortgage fees, is to buy a home in NUDA PROPERTY. This consists in having the ownership of a good, as in this case it could be the house, but not being able to enjoy it until the usufructuary dies, that is, the person who is residing there. Although it seems a perfect exit for those who are not in a hurry to move and for the elderly or retirees who are usually those who do these operations, there are risks.
The expert and real estate advisor Sergio Gutiérrez (@Sergioexcellencecircle) has published a video on Tiktok in which he explains “what they do not tell you about the nuda property” and that presents with a phrase: “The cheap can get expensive, years of waiting, inevitable reforms and even the risk of ending with a ‘vulnerable sokup’ inside.
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“These are the three secrets that nobody tells you and that you should value before buying a property and the last is the worst that can happen to you,” the expert begins. Then, he explains “for those who do not know” that “the nuda property is to buy a home at a lower price leaving a person living there through a usufruct. Normally, it is done with retirees and thus they are helped not to have to live only with what they charge of a low pension”.
The three ‘secrets’ that hides a nuda property
The real estate expert emphasizes that there are “three secrets” that nobody tells those who are going to buy (or intend to do it) a house in nuda property. The first of these is that “if that house has reached real estate portals it means that a professional investor has dismissed it, because what the rest does not want does not want.”
The second point has to do with the time you have to wait to take possession of the house. “The same is 10 or 20 years that you have to wait for the usufructuary to die. Well, until that happens, the wear will have to reform it, which reduces the margin just like time.”
But the problem of truth comes (as some of their followers corroborate) when “they warn you that the usufructuary has died. Well, you go there, itching in the bell and surprise!, The son of the deceased is living there. And you go from having a nuda property to having a beautiful floor occupied by a vulnerable person.”
“Okupa is a real risk”
One of its users, comments that “the third point, that of the Okupa, is a real risk. I have made an economic penalty clause in the purchase contract to deter it.” Another of its followers points out that “we bought a property, a 70 -square -meter floor in Barcelona, very central for 190,000 euros. We wait 5 years and we have already recovered the house. We have been super good.”
Another comments that “I acquired one in 2019 in Barcelona, for 48,000 euros and this year I have sold it for 300,000 in need of reform and I have not had any problems. You have to think well because the big discounts always carry risks. Knowing that and taking it into account, it is an investment like any other”.