How to Sell an Inherited Property in New York
Learn how to sell an inherited property in New York. Is it best to hire a top NY real estate agent or request a fast, convenient all-cash offer?
You have inherited a house in New York. You’ve likely been handling a lot in the past few weeks or months, but you’ve decided to sell the home. In this post, we share 11 clear steps and pro tips on how to sell an inherited property in New York.
This guide will explain what to expect and help you decide on the best selling method, whether that’s working with a real estate agent or requesting a cash offer from a New York We Buy Houses company or investor. We’ll also discuss some of the pitfalls you’ll want to avoid.
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1. Review any existing estate plans
If the New York property is part of a formal estate plan, carefully review the will or trust documents so you know how the home and other assets should be distributed. While you might be eager to get the property listed on the market, this first step is necessary to avoid legal issues (and family disputes).
If the deceased did not leave formal instructions or if there are disagreements among family members, hiring a New York estate attorney can help clarify legal requirements and resolve conflicts among co-heirs. An experienced attorney can also ensure that New York probate laws — the legal process of distributing a deceased person’s assets — are properly followed.
