Episode Details
Back to EpisodesWhat Happens to a Property If the Owner Passes Away During a Sale? (Living Elevated, Ep. 3)
Description
“Alex, so what happens to the house?” After I shared María's story, that was the question I heard most. Today the Living Elevated series moves from the story to the practical side.
In this episode I walk through four scenarios, in general terms and without legal advice: what changes when the property is already under contract, who can actually sign, the difference between having a plan and going through probate, and the extra layer when the property is a multifamily with tenants. And one thing almost nobody considers: this isn't only about death — it's also about incapacity.
The core idea: planning should not begin when you decide to sell a property. Preparing is also a way of caring.
Read the full article, with the list of questions to bring to your attorney: https://alexparmenidez.realtor/blog/what-happens-to-a-property-if-the-owner-passes-away-during-a-sale/
Nothing in this episode is legal or financial advice. Every situation is different and laws vary by state; consult a qualified attorney in your jurisdiction.
Alexander Parmenidez · Broker Associate, Coldwell Banker Realty
Licensed in RI, MA & CT
401-426-4857 | alexparmenidez.realtor