Inheritance is a delicate thing. The process can be frustrating at times, emotionally draining at others, and the government gets involved far too often than most people like to admit. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that if there’s no will, this process gets complicated fast and there are many state-specific laws you must abide by. Your best bet is to get an attorney involved from the beginning. If there is a will, the deceased person probably indicated to whom they wanted their home to go. It might be just one person called the principal beneficiary — or it could be multiple people, like a parent who leaves their home to their three children called tenants in common. If you’re the principal beneficiary, you get to make the decisions. If you’re not the only one, you’ll have to agree with your younger brothers/sisters for once in your life. Check out below to see what sold in Northville Hills Golf Club in November 2020:
45767 Riveria Drive, Northville: 3 bedrooms, 2.1 bathrooms, 3,082 sq. feet, 3 car garage, Sold Price: $615,000
Northville Hills Golf Club Home Sold
November 2020
46639 Pinehurst Circle, Northville: 5 bedrooms, 4.1 bathrooms, 4,433 sq. feet, 3 car garage, Sold Price: $889,000
Northville Hills Golf Club Home Sold
November 2020
It’s no surprise Uncle Sam gets his take when you sell an inherited property. There are rules and loopholes. No matter which tax laws apply to you, selling an inherited home counts as a reportable event. For more information on Northville Hills Golf Club, or similar Northville or Novi neighborhoods such as Bella Terra, Pheasant Hills and Autumn Park, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.