answersLogoWhite

0


Best Answer

b:post-16189886I think it is two years that the ATO thinks is reasonable. If it is sold after two years there is CGT implications.You normally shouldn't be paying the rates etc, it should be the estate doing this. As the house is still owned by the estate. If it has actually changed titleO

User Avatar

Wiki User

βˆ™ 6y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

βˆ™ 6y ago

The executor/administrator must be appointed by the court and the creditors must be notified so they can make a claim if necessary. All the debts of the decedent and the costs of the administration of the estate must be paid. Finally, the remaining assets can be sold or turned over to the heirs.

This answer is:
User Avatar

User Avatar

Wiki User

βˆ™ 12y ago

it depends on the market.

Right now, maybe a year

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How long must you wait before selling a house you just bought?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is a joint mortgage needed for joint ownership?

Not necisarily. If you are married and the house was bought after the marriage then no. If you are married and the house was bought before the marriage and the person that did not originaly buy the house made one payment on it or you had a joint account that the payments came out of, then they are half owner. If you are just living together with no marriage, then the house it the person's that bought it, but you have to be carful of common law marriage.


If you are selling your house but you have credit card liens do they just take that out on closing or do you have to pay those off before you sell?

It would be best so you can get approve fast.


Where did Shakespeare lΔ±ve?

He lived about half his life in Stratford-upon-Avon, Warwickshire and about half in London. He owned his house in Stratford but rented rooms in London most of the time. (He bought a London house just before he retired.)


Why is Deion Sanders selling his house?

He's not. It's just a rumor. I passed by the house and theres no for sale sign anywhere.


What should you do if you rent a house and want to know if anyone has died in it?

Your realtor should provide this information for you before selling. My co-worker just recently bought a home and found out from a neighbor, so her realtor did not tell her this information. There are ways, not sure if there is a online search though.


What happens if you break your lease and you just bought a house?

If you have something that a judge can take from you, you might just end up in court.


Where does ian thorpe live now?

He just bought a house in Caringbah southern suburb in Sydney.


What is the difference between 'just in case' and 'just in time'?

just in time is when stock is bought in just before a big order usually comes through. just in case is when stock is bought in case a surprise order comes through


In what city in Florida did Tiger Woods just buy a house?

Tiger Woods just bought a home in Jupiter Beach Florida


When is justin bieber moving to western new york?

Well he currently had just bought a house in the Calabasas


What do you need to do first if you are selling your NBA 2K10?

If you are referring to selling the actual, physical game, then the first thing you should do is look for the original box, manuals, leaflets and whatever else the game came with when you bought it. Then just.. sell it.


How do you sell your house on Roblox?

If by house you mean place, you can't, it's against the rules. barl99: Well actually if you have bc you can, just make it a model make the person your selling it to buy a t-shirt (Need bc) and then make the model public until the person that bought the t-shirt gets it :3 idc if its against the rules..