Sell an Inherited Home in Ontario – Fast, As-Is, For Cash

Contact us at 647-495-4260 for a fair, all-cash offer, usually within 24 hours. We buy inherited homes as-is, so there's no clean-out, repairs, or realtor commissions. We can close in as little as 7 days once probate allows, and we work with executors and multiple beneficiaries throughout.

Ontario charges roughly $15 per $1,000 of estate value above $50,000, with no tax on the first $50,000, about 1.5% on the excess. Real estate the deceased owned outright is included in that value. Your estate lawyer calculates the exact amount. Selling the home doesn't add this tax; it's based on estate value at death.

No. Canada has no inheritance or estate tax paid by beneficiaries. Instead, the estate may owe Estate Administration Tax (probate fees) and any capital gains that arose up to the date of death. When you later sell, gains from the date of death onward may apply. Confirm your situation with an accountant.

That's common and not a problem. The outstanding mortgage is paid off from the sale proceeds at closing through the estate's lawyer, and any remaining equity flows to the beneficiaries. If payments come due while the estate settles, selling promptly stops those carrying costs. We can close in as little as 7 days once probate allows.

Generally, the property's value on the date of death becomes the estate's cost base. Capital gains are then measured on the increase from that value to your sale price, not from what the deceased originally paid. A principal residence is often exempt, while rentals and second homes usually aren't. Confirm with your accountant.

The estate trustee (executor) named in the will, or an administrator appointed by the court if there's no will, holds the authority to sell, once probate is granted. Beneficiaries generally don't sign the sale unless they're on title. We work directly with the executor and any co-trustees through the whole process.

Yes. We buy inherited rentals with tenants in place, so the estate doesn't have to manage the tenancy or attempt an eviction. In Ontario the tenancy continues with the property, and we take it on as the new owner at closing. That lets the executor settle the estate without becoming a landlord.

Yes. When someone dies without a will (intestate), the court appoints an estate administrator, and Ontario's intestacy rules decide who inherits. Once the administrator is granted authority through probate, the home can be sold like any other estate property. We work with administrators and beneficiaries throughout; your estate lawyer guides the appointment.

The estate's debts, funeral costs, taxes, and the mortgage are generally paid from the sale proceeds before beneficiaries receive their shares. Your estate lawyer settles these at or after closing in the correct order. Selling the home is often how an estate raises the funds to clear what's owed and finish administration.

It happens often. Everyone on title has to sign, or the estate trustee if the house is still in the estate, so we make it easier by putting one straightforward cash offer in writing that all the siblings can weigh at once. If some heirs want out and others want to keep the home, a sale lets those cashing out take their share cleanly. Your estate lawyer can address any deadlock a private buyout can't resolve.

Typically the will, the death certificate, and the Certificate of Appointment of Estate Trustee (probate) confirming the executor's authority, plus the property's title and recent tax and utility details. Your estate lawyer assembles and reviews these before closing. We can agree on price and terms with the executor while that paperwork is being gathered, then close once probate is in hand.

No. We buy inherited homes exactly as they are, so there's no need to empty the house, make repairs, or update anything. Take the belongings and keepsakes you want and leave the rest, furniture, appliances, decades of contents. Skipping renovations and a clean-out saves the estate money and weeks of work, and lets the family move forward sooner.

You can begin right away, gather the will, confirm the executor, and get a cash offer in hand. The actual closing usually waits until probate is granted, which can take a few weeks to a couple of months. We line up the offer early with the executor so the sale is ready to complete the moment the estate has authority to transfer title.

Yes, but carefully. A trustee buying estate property, or selling it to a family member, is a conflict of interest. It's generally done at fair market value backed by an appraisal, with the written consent of all the beneficiaries or the court's approval. Without that, a beneficiary can challenge the sale later, so have the estate lawyer paper it properly.

The estate does. Property tax, insurance, heat, hydro, and mortgage payments are estate expenses, paid from estate funds or advanced by the trustee and paid back out of the sale money on closing day. Keep receipts for everything, because the trustee has to account to the beneficiaries for what was spent.

It becomes due. The lender generally gives the estate a limited period to repay the loan, and selling the house is the usual way to do it. Interest keeps adding up until it's paid, so ask the lender for a payout statement early and confirm the deadline. Any equity left after the payout belongs to the estate.