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How to sell an inherited home?

19 Jan 2023

Selling an inherited home can be a big challenge. There are several steps to consider to ensure that the sale will be done efficiently. The first step is to contact a notary to begin the estate process.

In the meantime, you can consult an experienced real estate broker for information related to the sale of a property by an estate. The real estate broker will be able to give you an estimate of the market value of the property.

How do you sell a house when the owner is deceased?

When a person dies, his or her house can be transferred and sold through an estate. For this, it is important to follow the legal steps given by a notary. Since it is necessary that all the heirs agree on the sale, it is recommended that they appoint a liquidator to represent their interests.

A real estate broker can then facilitate the transaction in order to obtain the best and seal the deal with a final agreement between the parties involved. The transaction can then result in the rapid sale of the property and thus provide security and financial stability to the successors.

What are the advantages of using a real estate broker in an estate sale?

When a house is in inheritance, a real estate broker can help to: 

- Find a notary who can quickly and efficiently complete all the necessary formalities to finalize the transfer of the property to be able to put it on the market;

- Estimate the market value of the property;

- Provide information on the local market;

- Promote the property to encourage offers from potential buyers once the document declaration of transmission is available and the property is on the market;

- Arranging visits for potential buyers;

- And more. 

When is it appropriate to put a home received in an estate up for sale?

The decision to sell an estate home should be made based on the various opportunities and options available to you. It is appropriate to consider the tax and legal implications, as well as the financial factors associated with selling or retaining. In some cases, retaining the property may offer more benefits, but for others, putting it up for sale may be the best option. A consultation with us can also help in making an informed decision.

What are the benefits to a buyer who chooses to purchase a home from an estate sale?

The main benefit is on the price of the home, often the listed price is more attractive to the buyer.

What are the potential consequences for a buyer when purchasing a home from an estate sale?

Potential consequences can be longer delays in completing the transaction, unpaid taxes and a lack of information about the property.

With Courtiers du secteur, sell your inherited home easily!

Selling an inherited property can seem daunting, but with proper preparation and guidance, it is possible to achieve an excellent return on investment. With a good understanding of the home's value and a marketing strategy in place, you can be sure to find a buyer quickly.

If you need help throughout the process or just need someone to turn to, don't hesitate to call us. The team at Courtiers du secteur can assure you that all parties are satisfied when selling an inherited property!

Call us to find the best price and sell your inherited home with ease!


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REAL ESTATE BROKERS

SPECIALISTS IN THE PURCHASE, SALE AND RENTAL OF RESIDENTIAL PROPERTIES, MULTIPLEX AND CONDOS

514 358-1195
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