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Updated about 2 years ago on . Most recent reply

User Stats

38
Posts
18
Votes
Tim Sharkey
  • Investor
  • Philadelphia, PA
18
Votes |
38
Posts

Sale of home - owners deceased

Tim Sharkey
  • Investor
  • Philadelphia, PA
Posted

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

User Stats

763
Posts
499
Votes
Karl McGarvey
  • Real Estate Agent
  • Houston, TX
499
Votes |
763
Posts
Karl McGarvey
  • Real Estate Agent
  • Houston, TX
Replied

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.

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