Selling an Inherited Home: Everything You Need to Know About Estate Sales

You’ve just inherited a home and are thinking about selling?

Here is the key information to understand all aspects of an estate sale.

Who Decides?

If you’re the sole heir, the decision is entirely yours. If the home was left to multiple people, they must agree unanimously on the sale.

First Step — Establishing Your Right to Inherit

You must prove your right to the estate. An estate liquidator must be appointed and you must obtain a declaration of transmission before listing the property. This document is prepared by a notary and officially transfers ownership to the heirs.

Tax Exemption and Capital Gains

A principal residence benefits from a capital gains tax exemption (the difference between the original purchase price and the value at the time of death). If the property was the deceased’s principal residence, the exemption applies. A cottage or rental property, however, is subject to capital gains tax.

Should You Sell Quickly?

Avoid rushing. An empty house can be less appealing — create a welcoming, depersonalized environment instead. Estate sales are often made without legal warranty, which may require a price adjustment.

Working with an Experienced Broker

A broker brings market expertise, negotiation skills, visit management, mediation between heirs, and legal documentation handling — saving you considerable stress during an already difficult time.