Inherited and estate homes
When your situation is a little different
Some estate sales come with an extra wrinkle. These are the ones we see most often in Monmouth and Ocean counties, and how we plan around them.
Special situations
What to know
A parent moving to assisted living
If your parent is alive but can no longer manage the sale, the person holding a durable power of attorney can often sign for them. The title company will want to review the power of attorney early, so we ask for it at the start.
A reverse mortgage
When the borrower passes away, the lender sends the heirs a notice and a deadline. Heirs can sell the house, keep any money left after the loan is repaid, and extensions are sometimes available. Contact the loan servicer early and let us know right away so we can plan around the timeline.
A home in an adult community
Many estate sales in Monmouth and Ocean counties are in 55 and over communities, which have their own rules, fees and approval steps for buyers. See how we handle adult community homes.
Several heirs who disagree
It happens often. A clear, independent valuation and a written plan usually help everyone get on the same page. We work for the estate and treat every family member with the same respect.
We are real estate agents, not attorneys or tax advisors. This is general information to help you know what to ask. Your estate attorney and tax advisor should guide the legal and tax decisions for your family's situation.
Common questions
Questions about special situations
Can someone with power of attorney sell a parent's house in New Jersey?
Often, yes. If your parent is alive but can no longer manage the sale, the person holding a durable power of attorney can often sign for them. The title company will want to review the power of attorney early, so we ask for it at the start.
What happens to a reverse mortgage when the homeowner dies?
The lender sends the heirs a notice and a deadline. Heirs can sell the house and keep any money left after the loan is repaid, and extensions are sometimes available. Contact the loan servicer early so the sale can be planned around the timeline.
Free guide to download
Selling an Inherited Home in New Jersey
Everything on these pages in one printable guide: the first steps, probate and taxes, your options, special situations, common questions, a checklist, and a house record to fill in with codes, accounts and phone numbers. Free, no sign up.
Download the guide (PDF)More for families
Other guides that may help
- Probate and taxesHow probate works in New Jersey, who can sign, and what inheritance tax and capital gains mean for the house.
- Getting the house readyThe first steps, the clean out, and which repairs are worth doing before you sell.
- Selling from out of stateWhat we handle so your family does not have to travel back and forth.
Talk it through
No pressure, just a plan
Tell us a little about the house and where things stand. We will call you back, usually the same day, and help you figure out the next step, even if that step is not selling.
Every family is different. Call or text either of us.