Can the Inherited House Be Sold? Here are The Legal Details You Need to Know

The sale of an inherited house can often be complicated and time-consuming due to legal processes and ownership structure. Especially if there is more than one heir, the sale process becomes possible only with the completion of certain steps. The most important detail that needs to be known about this is the type of property on the inherited real estate. Because this situation directly affects both the rights of the heirs and the sale process. When the transfer of the inheritance is completed, the ownership of the immovable property is automatically formed in the form of “joint ownership”. In this system, each heir has a right to the entire immovable property, but these rights are not divided into independent shares. That is, there is no certain ratio between heirs. Dec. In such a case, in order for all or part of the immovable property to be sold, all heirs must make a unanimous decision and make transactions together at the land registry directorate. It is not possible for a single heir to sell the real estate alone with this type of property. If the heirs wish, they can request a transfer to shared (shared) ownership by applying to the land registry directorate to terminate the joint ownership and share the real estate. After this transaction, a share ratio is officially given to each heir. After this stage, each heir can sell his own shares to third parties without the approval of the other heirs. However, when it comes to the sale of the entire immovable property, all shareholders must take decisions together again. Therefore, in order for an inherited real estate to be sold quickly and smoothly, it is important to first obtain a probate certificate, perform transfer transactions and, if necessary, transfer to shared ownership. Neglecting these processes may cause the sale to fail to take place for a long time or cause disputes. As CEESS Global, we guide you with our expert staff on the evaluation and preparation of inherited real estate for sale. We provide professional support at every stage from legal transactions to the land registry process, from valuation reports to finding a buyer. If you are looking for a safe and fast solution for your inherited real estate, you can contact us.

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