When it comes time to sell an inherited apartment, to “sell it” at market price, the ideal is for the heirs to reach an agreement for the sale. Otherwise, the process becomes complicated, the parties lose money in procedures and, in the end, whether the heirs decide or a judge dictates, the sale almost always ends up being the option that is resorted to anyway.
The real estate specialists at Housfy, a comprehensive real estate services platform, encounter all types of situations. Their job is always to overcome adversities and be able to proceed with the sale as easily as possible for users.
See below for all the keys to selling an inherited apartment from start to finish.
1?? Gather the necessary documents and accept the inheritance
You will need the death certificate, the certificate of last wills and, if applicable, a copy of the will.
The heirs must carry out an inventory of assets and the deed of division of the inheritance. You can get help from the notary office authorized by the person who has died, especially if he has not left a will.
2?? Settle inheritance tax and capital gains
Within six months of death, the heirs must pay the inheritance tax and the municipal capital gain. It is possible to request an extension for six more months, but make sure you ask for it on time.
As for the capital gain, you can use an appraisal simulator to get an idea of ??the current value of the apartment, although you will have to search the documentation for the cadastral value of the land.
3?? Register the inherited house in the Registry
It is important that, in the Property Registry, the inherited property is registered in the name of the heirs. The process is more or less simple, but remember to bring all the required documentation: death certificate, photocopy of the former owner’s ID, certificate of last will, deed of acceptance of the inheritance and documentation on taxes (payment or extension request). , above all.
4?? Contact an expert to list your house
After this, the property is ready for sale. Contact a Housfy real estate advisor to sell the apartment at the best price and save on commissions.
If you have any questions, your expert will answer them as soon as possible so that the operation goes as smoothly as possible.
Many people wonder how long to wait to sell an inherited apartment. The truth is that, as of September 2021, there is no longer any legal deadline to sell a home that has been inherited and, therefore, it can be sold within 5 years.
