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re: What happens to homes when occupant passes?
Posted on 5/7/24 at 2:40 pm to fareplay
Posted on 5/7/24 at 2:40 pm to fareplay
quote:
Oh damn so that’s reasonable assuming sales occur relatively quickly.
We had home appraised a month or so after the death. We sold for almost exactly that. With the 6% to realtors, it actual gave the estate a loss.
MIL had little to nothing but her house. Sell house, pay bills that you have to (there is a court mandated order of who gets paid until money is gone, many can be negotiated with for less than owed). File estate tax return. Distribute assets to appropriate parties, if any left, move on.
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