Purchase Option
The purchase option is an innovative liquidity solution to raise money where your properties have value and you can make the most of them.
Get the liquidity you need without leaving your property
At Vern we specialise in formalising purchase options.
We offer real estate transactions adapted to different liquidity needs, so our clients can deal with any problem.
The purchase option is a way to obtain liquidity from your property.
Unlike bank products, the purchase option doesn’t require a solvency study. We value your property, not your income.
Advantages of the Purchase Option
Convenience
One of the main advantages is convenience. You don’t have to worry about putting your property on the market, finding buyers or making repairs or upgrades to improve its value.
Speed
Instead of waiting weeks or even months on the traditional market to find the liquidity you need for whatever purpose you want, we can complete the purchase option in 4 days.
Without Selling
With the purchase option you’re granting an investor a right to buy. You haven’t sold at the moment the purchase option is formalised.
Confidencialidad
The purchase option is not a bank product, which is why the transaction won’t increase your credit risk or appear on the Bank of Spain’s CIRBE.
Sell whenever you want
You remain the owner of the property and can sell it whenever you want, if you wish.
Professionalism and transparency
At Vern we are real estate specialists and lawyers. All our transactions are signed before a notary.
The purchase option for businesses, SMEs and the self-employed means immediate liquidity
A perfect liquidity solution for businesses, SMEs and the self-employed with the purchase option. If you have a flat, house, commercial premises or industrial unit, you can access the liquidity your business needs.
Our liquidity solutions are perfect for businesses with cash-flow pressures or looking to turn their assets into liquidity. They can be used to make investments, pay off high-interest debts or start a new business.
In any industry, liquidity is extremely important for meeting a company’s expenses, which is why our solutions are often a great alternative.
Our team of managers analyses each case individually to offer you a tailor-made solution.
What are the requirements?
- Be over 18.
- Own 100% of the property.
- Have paid off more than 30% of the mortgage.
How the Purchase Option works
1
Within 24 hours we’ll make you an offer based on the estimated value of the property.
2
We’ll send you all the documents so you can read them calmly, and we’ll answer any questions you may have.
3
We’ll propose a date and time for signing at the notary within the following 4 days.
4
On the day of signing we’ll transfer the liquidity you need to your bank.
Is it for me?
-If you need to postpone the sale of your property and obtain immediate liquidity, you can have the money 4 or 5 days after your request.
-All purchase options are signed before a Notary with you and with Vern Properties’ specialist team of lawyers, who will explain every detail of the transaction and accompany you to the signing.
-Your mortgage should be less than 50% of the property’s current value.
The purchase option is the solution you’re looking for
Unlike other companies, at Vern we have a simple y fastprocess. To access the purchase option, we’ll ask you for:
- DNI or other identification.
- The property’s title deed.
No paperwork and no guarantors: it’s very easy to access our liquidity solutions to raise money.
You only need to own a flat, house, building, industrial unit, office or commercial premises to access our innovative liquidity solutions to raise money. No guarantors and no paperwork.
Even if you have debts, you can still access our innovative liquidity solutions to raise money.
Because we use a property, we can offer a more flexiblesolution, and also reach people who need liquidity regardless of their credit history.
An innovative liquidity solution to raise money is one of the most popular options for paying off debts. And also for consolidating debts, avoiding missed payments and high interest.
With a house, flat, building, office, industrial unit or commercial premises you can obtain liquidity to solve all your financial problems. With our algorithms and data models at Vern we value the property and, depending on its value, put together a proposal for you. We’ll always take into account your needs y means.
Frequently Asked Questions
What is a purchase option?
A purchase option is a contract whereby one party, called the grantor (you), grants another party, called the optionee (us), the exclusive right to decide whether to acquire a property within a set period and under the conditions established in the contract.
The purchase option means we’ll pay you an amount in exchange for the right to purchase the property during a specific period. This period is set out in the contract and is usually 12 months.
Does the purchase option oblige me to sell?
No. The purchase option contract gives the optionee (the party holding the option) the right, but not the obligation, to buy the property.
Who pays the IBI and community fees while there is a purchase option?
You remain the owner of your property; all the property’s expenses are borne by you.
What happens if I sell the property earlier?
You’re the owner; you can sell the property to whoever you want and at whatever price you want during the agreed purchase option period.
Can I withdraw from the purchase option?
Yes. The ability to withdraw from a purchase option is set out in the terms and conditions of the option contract. An option contract allows the optionee (the party holding the option) to withdraw from the transaction before exercising the purchase option.
Where do we work?
Purchase Options in Barcelona | Purchase Options in Madrid | Purchase Options in Seville | Purchase Options in Valencia | Purchase Options in Zaragoza | Purchase Options in Malaga | Purchase Options in Murcia | Purchase Options in Las Palmas| Purchase Options in Bilbao | Purchase Options in Palma de Mallorca | Purchase Options in Alicante | Purchase Options in Cordoba | Purchase Options in Valladolid |