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Updated about 2 years ago on . Most recent reply
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Sale of home - owners deceased
Need advice from a transaction pro:
Here’s the scenario:
I sign a listing contract with a surviving owner in a two owner (non-married) life partner domestic arrangement. One owner has deceaased.
I find a buyer and represent that buyer in a dual agency situation (allowed in PA) and house goes under contract. Earnest money in escrow.
Now the Surviving owner dies during the transaction.
What’s do I do next? Do i need listing contracts with both estates or only the owner who lived longer?
Now what do I do? Does my buyer still have a deal.
Most Popular Reply
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That property now goes to the heirs of the living relatives, and probably through the probate process. I anticipate your contract is probably now voided.