Property sales for inheritances

Inheritances due to death can have positive or negative effects. Positive if you unexpectedly inherit from a person with whom you had no emotional connection. Negative if a close family member has passed away. In any case, however Inheritances with a lot of work, time and often patience connected.

Inheritance is usually sudden and sometimes unexpected and then everything has to happen very quickly: Arrangements for funerals and everything that goes with them have to be made, for example - often this is also a Money questionas from the inheritance everything has to be pre-financed.

Sales proceeds versus debt

When property or properties are inherited, the question usually arises: Do I accept the inheritance conditionally or unconditionally, depending on whether the testator is expected to incur debts or not?. In the case of property, it is essential to check whether the sales proceeds are higher than any debts.

When the time comes that a property can be sold, the decision must be made as to whether this property should be sold immediately. If so, this can be done from the "inheritance" and therefore unnecessary fees are saved. Or the heir handles everything and only sells the property at a later date.

Valuation by expert

In some cases, the property to be sold must be valued by a court-certified expert (cost-intensive). It is important to note that in the event of a sale, the purchase price estimated by the expert (max. minus 10 % deviation) must be realised! This can be quite a challenge if the purchase price was estimated too high. In addition, the Real estate income tax are taken into account (4.2 % or 30 %, in exceptional cases: tax-free)

We would be happy to discuss the details in a personal meeting. And we are happy to take over Estimating the current market value of your property for sale!

When heirs live abroad

It becomes more difficult when there are several heirs, some or even only one of whom is not availablebecause they live abroad. In this case, it makes sense to authorise a contact person so that it is not necessary to constantly consult with all the beneficiaries when selling. We recommend this not only for reasons of time, but also because disputes can always arise if there are several parties involved.

In this area, too, our Training as a mediator This has often proved to be an advantage in preventing the parties from coming into conflict with each other in the first place.

One Probate proceedings can take a long time. During this time, the empty property must be looked after, the lawn mowed, windows cleaned and rooms vacuumed so that the property does not fall into disrepair and no vermin develop. Sometimes, during this quiet period, things happen that need to be fixed or repaired.

We are also happy to help you with this and provide you with active support!