Hello…and thanks for taking my question.
My mother died last year and in her will she left 60% share of her home to her 3 children (two sisters and myself) and the other 40% was left to her husband (our step-father). He now wants to purchase the 60% share from us. After getting the house appraised can we simply do a ‘For Sale by Owner’ contract for an agreed upon price? Also, will there be any title, deed, insurance or tax issues that will need to be addressed?
1 Answer from Attorneys
You could do a simple Cash Sale or even a Quitclaim Deed. Still, it has to be in the correct form and has to be filed into the public records. You should hire a local attorney to handle it for you. Any closing attorney or real estate attorney can do it quickly and simply for you.