We have seen many situations where a real estate contract is signed just before something goes wrong. Many discover that the person who signed the contract to sell a property is not the same person who holds the title. Once we begin asking questions, we soon find out that the title holder has passed away. The person selling the property is actually the spouse, child, or executor. This causes whole real estate transactions to fall apart all the time.
Can You Save Your Real Estate Transactions?
What do you do then? Well, it depends. As generic as it may sound, this answer greatly applies to this situation. There are many factors that may play into the process of closing on that contract. For example, here are a few questions to ask the seller:
- Did the decedent have a Will?
- If not, who were the decedent’s heirs? Have any heirs predeceased the decedent?
- Was the decedent fifty-five years of age or older?
- Was the decedent married?
- Have any probate proceedings been started?
The list goes on. However, the good news is, once we can get these answers, we can come up with a comprehensive plan for you. This way you can come as close as possible to the constraints of your original contract. You will want someone who has handled many of these transactions to be advising you on this important sale.
Contact Tressler & Associates for Help
Make sure the property you’re trying to purchase is actually owned by the seller. If you find out they don’t, we can help you figure out why and help you get the property you want. If you’re trying to sell property left to you by a loved one who passed away, we can help. Let us make sure you have proof of ownership and can sell the property without any issues.
Whether you have a signed contract on real estate or not, contact us. We can walk you through the process that would apply to your specific scenario.