Inheriting a home can be an unexpected situation that carries both emotional value and legal implications. If you are wondering how to sell an inherited property, here we explain step by step what you must do to make the sale safely, legally and without complications.
The first thing is to formally accept the inheritance before a notary. This procedure includes identifying the heirs, drawing up an inventory of assets and presenting the deed of acceptance of inheritance. Without this step, you will not be able to register the property in your name or sell it legally.
Once accepted, it is essential to register the inherited property in the Land Registry in the name of the heir or heirs. This gives legal validity to the change of ownership and allows future operations such as sale.
Before selling, it is necessary to pay the Inheritance Tax and the possible municipal capital gains. The amount depends on the value of the property, the relationship with the deceased and the autonomous community. Don't forget to do it within the established deadlines to avoid interest or penalties.
It is advisable to check if the property has charges, mortgages or tenants. In addition, small renovations or improvements can increase your market value and speed up the sale.
Finally, contact a trusted real estate agency. A professional will help you value the property