Herndon, VA asked in Real Estate Law for Virginia

Q: Can a son or daughter on the deed of their parents home, simply sell the house for profit if they have siblings?

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2 Lawyer Answers
Richard Sternberg
Richard Sternberg
Answered
  • Potomac, MD
  • Licensed in Virginia

A: You aren’t providing enough information. If you hold the entire fee simple of any house, whether your parents are living there or not, you may sell it for fun or profit. If you don’t, you can’t. Consult counsel to review the title.

Ross Cameron Hart
Ross Cameron Hart
Answered
  • Salem, VA
  • Licensed in Virginia

A: Mr. Sternberg is correct - you don't provide nearly enough information to answer your question. Being 'on the deed' can mean a number of things from simply a co-owner to having the remainder after a parents' life estate.

Anthony M. Avery agrees with this answer

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