Many parents or relatives choose to “will” their property to their children or family members equally, leaving everyone to decide how to divide everything up. If part of that inheritance is the family home or other real estate, the best way to divide the asset is to sell it and split up the cash. But selling inheritance property presents special logistical, practical and emotional challenges. Contacting us immediately for professional help as having a plan will create the best outcome for everyone involved.
The Philadelphia area has seen a nice increase in home sales activity and prices. Yet with all the good news around, some homes might not be experiencing this quick sale. Some of our luxury communities, such as Chestnut Hill, Roxborough, Manayunk, Torresdale, and others offer unique, custom homes and finding the right buyer is sometimes a bit harder. If you are finding yourself in this position, one option you might not have considered is a lease-option.