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Real Estate Expertise – Inheritance properties

Real Estate Expertise – Inheritance properties

Real Estate Expertise – Inheritance properties

The management of Real Estate successions can be a complex and delicate process; Transferring ownership of a property from a deceased person to his heirs requires a number of legal and administrative steps. In this article, we will explore some practical tips for effective Estate succession management, trying to simplify the process and ensure a smooth transition.

KNOW THE LEGAL REGULATIONS:

Before dealing with a Real Estate succession, it is crucial to have a clear understanding of local laws and regulations regarding successions. Consulting a lawyer who specializes in probate law can help you avoid costly mistakes and legal complications.

IDENTIFY HEIRS AND ESTABLISH AGREEMENTS:

In the case of several heirs, it is important to clearly identify their number and establish agreements between them for the division of the inherited property. Open communication and cooperation between heirs can help prevent future conflicts and simplify the succession process, especially in the event of an immediate sale of the succession.

EVALUATE THE PROPERTY:

A professional valuation of the inherited property is essential to determine its current market value. This valuation can be useful for establishing the ownership share of each heir and for tax purposes.

                                                                                                                                                 
MANAGE TAX MATTERS:

Real Estate inheritances can involve a number of tax issues, such as inheritance tax. It is important to consult with a tax advisor to understand the tax implications and plan accordingly.

TRANSFER OWNERSHIP LEGALLY:

Once all the necessary legal and administrative procedures have been completed, you can proceed to the legal transfer of ownership to the heirs. This may require the preparation of legal documents, such as the deed of transfer of ownership, which must be completed correctly.

CONSIDER PROPERTY MANAGEMENT:

In some cases, heirs may decide to manage the inherited property instead of selling it. In that case, it is important to consider the management of the property, such as maintenance, rental or future sale. Hiring a professional Real Estate administrator can simplify this management.

Inheritances represent a delicate moment in a person’s life, in which one has to deal with the management of assets and properties left by a deceased. In this context, the Tax Assistance Centre (CAF) can play a key role, providing support and advice to simplify procedures and ensure proper management of tax issues related to inheritance.

BENEFITS OF REAL ESTATE AGENCY SUPPORT

EXPERTISE AND KNOWLEDGE OF THE SECTOR:

Real Estate agencies have extensive experience in the Real Estate market and are well versed in inheritance practices. Their agents are experts in Real Estate valuation, property titles, and can provide legal and tax advice to ensure a secure transaction.

ACCURATE VALUATION OF THE PROPERTY:

Real Estate agencies can correctly assess the value of the inherited property,  taking into account factors such as location, condition of the property and any necessary improvements. This will help you get a fair price and avoid paying too much for the property.

MANAGEMENT OF PAPERWORK:

The purchase of a property from a succession often involves a series of complex bureaucratic procedures, such as verifying title deeds, dividing heirs and transferring utilities. A Real Estate agency can take care of these matters, lightening your workload and making sure everything is done correctly.

NEGOTIATION AND CONCLUSION OF THE DEAL:

A Real Estate agency can act as an intermediary between you and the heirs, facilitating negotiation and ensuring a successful conclusion of the deal. Thanks to their experience, Real Estate agents can handle any issues that may arise during the purchase process.

CONCLUSIONS:

The purchase of a property from a succession can be a unique opportunity, but it requires attention and expertise.Turning to a  Real Estate agency specializing in successions can greatly simplify the process, offering expertise, access to a wide selection of properties, management of paperwork and support in negotiation. Be sure to choose a reliable and professional agency to ensure a safe and smooth transaction.

Article written by Confalonieri Mariateresa

 

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