Selling an Inherited Property

All co-heirs jointly own the property and can only make unanimous decisions regarding its sale, rental, or use. No individual heir can independently manage their share without the consent of the others.

All co-heirs must agree to the sale. Disagreements about whether to sell or rent can significantly delay the process. Professional mediation or expert advice can help find fair solutions.

Before the sale, a certificate of inheritance (Erbschein) must be obtained from the probate court (Nachlassgericht). The inheritance community must be registered as the owner in the land register (Grundbuch).

Inheritance tax and speculation tax may apply. The speculation tax is only payable if the property is sold at a profit within ten years of acquisition.

Emotional attachments often lead to inflated price expectations. A professional valuation ensures a realistic, market-appropriate pricing for a successful sale.