In the inheritance of a home, it is especially common for several people to receive the property. Usually these are brothers, cousins ??or people very close to each other. The fact that there is more than one new owner can be a problem to know what to do with the good received or how to take advantage of it. The logical thing is to reach a common agreement on its sale or use, but it is not always that simple.
The first thing that must be made clear is that assuming an inheritance implies the payment of taxes associated with it. This unexpected disbursement is often responsible for the fact that the heir has to put up for sale some of the material goods acquired in order to meet the payments. That is why the sale of a house often becomes the best solution to be able to get away with receiving an inheritance.
In order to become the owner of a home that has been bequeathed to you, an heir must accept the inheritance. If the assets are going to become the property of more than one person, all of them must sign the deed of partition in which it is stipulated how the inheritance is distributed.
In the hypothetical case that one of the parties does not want to accept their part of the inheritance, this should be notified to the notary. Although, he would also have the possibility to accept it and before the distribution of assets is carried out, sell it to a third party.
Once the inheritance is accepted, selling the house is not a problem as long as we find only one heir. However, if the house has come to be owned by several different people, we find ourselves with a quite different scenario since each one will have a part, normally equitable, of the house.
In the event that everyone agrees to the sale, there is no greater problem than the previous situation, in the event that there is a difference of opinion, the part of the home that you own can be sold.
This part of the inheritance can be sold both to one of the other heirs and to a third person, yes, the third person must know that what they receive is only a part of the house, becoming co-owner with the rest of the people who have received the property.
The sale of the part of a single owner of an inherited house is called sale of the property and although it may seem incredible, there are companies that are dedicated to acquiring it. These types of operations represent a significant loss of profitability in the operation.
One of the most common possibilities in a shared inheritance is that one of the heirs buys the rest of the inherited parts and the house belongs to only one person.
This transaction is completely legal and reaching an agreement in this case is usually quite simple. However, whenever this sale is carried out, it must be carried out without any type of coercion and completely voluntarily.
It is true that when a house has been inherited by many different people it is very likely that disagreements are very common. In this case, it is likely that one of the co-owners does not agree that the ownership of a part of the house becomes the property of a third party.
However, no matter how much it weighs on the rest of the owners, the heir who wants to sell the house will be able to do so without needing the approval or permission of others. Of course, as long as the situation and the percentage that the buyer receives with the sale is reported.
