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If the property was part of the estate then the proceeds are also part of the estate.
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∙ 15y ago
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When a home's deed is transferred to another person do the contents of the house such as furnishings etc. convey?
Personal property does not automatically transfer with a deed for real property. In some cases the seller will agree to make the furnishings part of the sale but you must discuss that in advance of the sale and let your real estate agent make it part of the purchase and sale agreement.Personal property does not automatically transfer with a deed for real property. In some cases the seller will agree to make the furnishings part of the sale but you must discuss that in advance of the sale and let your real estate agent make it part of the purchase and sale agreement.Personal property does not automatically transfer with a deed for real property. In some cases the seller will agree to make the furnishings part of the sale but you must discuss that in advance of the sale and let your real estate agent make it part of the purchase and sale agreement.Personal property does not automatically transfer with a deed for real property. In some cases the seller will agree to make the furnishings part of the sale but you must discuss that in advance of the sale and let your real estate agent make it part of the purchase and sale agreement.
Can siblings force a sale of inherited property in Indiana?
It depends on how the estate was distributed. If the property was left to a specific person, no, they cannot force the sale. If it is part of the estate in general, they can force the sale or require the person who wants it to pay them for their share.
What might be the reasons behind an estate sale?
An estate sale can be a way to get rid of a significant part of the property owned by someone who deceased. Moving can also be a reason for an estate sale. Other reasons are divorce and retirement.
If property with a life estate is sold who gets the money?
The person who owns the fee receives the proceeds from the sale. The life estate holder only has the right to use the property for life. If they relinquish their life estate the owner of the property can then sell it free and clear of the life estate.
What is an estate sale of real estate?
An estate in this sense refers to the real estate owned by a decedent at the time of their death. The purpose of an estate sale is to sell the property of a decedent so the proceeds can be distributed to the heirs. After an owner of real estate has died, their estate must be probated so the real estate can be sold. The sale must be handled by an estate representative duly appointed by the probate court and that representative must have the proper authority to sell the property. An estate sale of real estate would be a sale of the real property owned by the decedent.
What if the heirs do not have money to pay probate and the estate is only real estate?
In order to transfer the real estate, they will have to have an estate and someone with authority to sell the property. The executor could take a loan out against the property to resolve the debts or to cover costs until sale.
Can you buy a real estate property that has a sale pending?
No. A sale pending implies that the property is under a binding contract.
If there are 4 executors on an estate but only 3 agree to the sale of property can the sale be completed with the majority?
no
What are the properties of a real estate agency?
Real property for sale and for rent.
How do you force the sale of real estate property inherited in North Carolina?
That's the decision of the executor of the estate.
Rental property of decedent is sold by estate. Who gets the rental income collected by estate from date of death to date of sale?
The rental income becomes part of the estate and will be distributed according to the terms of the will to the beneficiaries or to the next of kin if there was no will.
Does executor have ruling over sale of house in an deceased estate?
Yes, the executor has the authority to manage and oversee the sale of a house in a deceased estate. The executor is responsible for handling the deceased person's assets, including the sale of property, according to the terms of the will or state laws if there is no will. The executor must act in the best interest of the estate and its beneficiaries.
