Buying and Selling Inherited Property - What to Know

Buying and Selling Inherited Property – What to Know is designed to help real estate professionals confidently guide clients through the unique challenges of purchasing and selling inherited property. This course provides a practical understanding of property inheritance through wills and trusts, as well as the legal and disclosure issues that can arise during these transactions.

Led by attorney, broker, and risk management expert Jacqueline A. Oliver, Esq., this class explores important seller disclosure requirements in situations where a property is inherited by a family member or friend. Topics include transactions involving heirs who have little or no knowledge of the property's condition, disclosure obligations related to known material facts regardless of TDS exemption status, and circumstances in which the heir occupied the property prior to the owner's passing.

Participants will also gain valuable insight into the buyer's perspective, including the limitations of information that may be available in an inherited property sale compared to a traditional transaction. Learn how to identify potential risks, navigate disclosure requirements, and avoid costly missteps while helping clients through what is often a complex and emotional process.