How to Sell an Inherited Property

Have you or someone you know inherited a property but are unsure about how to sell it? You’re in luck, because today I’m going over the process in depth. It’s neither simple nor easy. I’ll cover the process from start to finish, how and when you need probate, and Rhode Island-specific rules among other things. To learn more, watch my latest video.

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Sandi Warner, Esq. | Managing Broker | Team Lead
Harbor to Hill Real Estate Team | Warner Realty Group, LLC
358 Broadway, Newport, RI, 02840
Cell: 401-662-7204 | Office: 401-236-8685

[jimokeefe]

I highly appreciate your information. Down to earth, positive and makes sense. And, you spoke of Wills, not trusts. It is just simpler and less expensive. Thank You.

[TheKShepherd]

No will doesn't mean you always have to go to probate. Intestate laws vary by state. Example in CA. If the deceased has less then $186k, then you do not go to probate. You just fill out a form, showing proof that you are next of kin. Example is my brother in law died. No kids or wife, no real estate. Just a car, small cash accounts and some personal property. His estate passes to his mother who is still alive. So no probate is needed.

[Selfpreservationformystarseeds]

Yess i don't want to sale but lease my 10 acres. Can help me? Yes i have paperwork

[robertbarry]

On an inherited home, if the basis at time of death is X and the home sold for X with a $10, 000 commission and $1000 closeing cost is there a $11, 000 capital loss?