The Best Way to Sell an Inherited Property

February 19, 2015

Selling an inherited property isn’t as cut-and-dry as selling a purchased property. Potential tax liabilities and hidden expenses are just a couple of issues that can prolong the selling process. If the predecessor leaves the property to two or more siblings, additional issues can arise if the siblings are at odds. Even with these potential snags, it is still possible to sell an inherited property in a very practical manner.The first thing you will need is legal advice from a real estate attorney. He or she can assist you with the probate process if it is a requirement for your property. They can also help you with the negotiations between other heirs that may be splitting the inheritance with you. Once you take care of the technical issues, the real estate attorney can check the property for liens and debt issues. If anything shows up, you will need to pay the difference prior to putting the house on the market.Once the attorney gives you the consent to sell the house, you should see
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