Do You Pay Taxes When you Inherit a House?
That’s an “It Depends” Answer, and we HIGHLY suggest you consult a CPA, BUT… The good news is that in Most Cases, Most people, DO NOT owe taxes when they inherit a house.
The 2 BIGGEST FACTORS that prevent most people from owing inheritance taxes are STEP UP IN BASIS & The Estate Tax Exemption
Step up in Basis in layman’s terms, essentially RESETS your “Bottom line” when the deceased passes away and STEPS UP the tax basis to whatever current market value is at the time of their death. Learn more about Step up in Basis HERE
Additionally, MOST FAMILIES are exempt from owing any sort of inheritance taxes because as of 2023, the Estate Tax Exemption amount is $12.92 Million Dollars. YEP! Almost $13 Million Dollars. Learn more about The Estate Tax Exemption HERE
Check out our Video Resource Library & Our Probate FAQ Blog below for more helpful answers to your Probate Related Questions…
Get An Offer Today, Sell In A Matter Of Days...
Sell your INHERITED HOUSE the way that fits you best
We know that Probate is COMPLICATED! Selling A Property in Probate shouldn’t be!
PICK WHAT’S RIGHT FOR YOU!
Sell for Cash with our Fast, Easy, Simple Process
List it for Top Dollar the “Traditional way”
Whether you want top dollar and have some time, or you want a fair cash offer for speed and convenience, ProbateResource.com has you covered. Best of all, when we buy your house directly from you, we buy it as-is. We’ll even clean out the property for you!
Our “Quick & Convenient Sale” Option:
Sell your house Directly to
ProbateResource.com
We’ll make you a fair cash offer so you can sell without the hassles and stress of listing. Fast & Easy!
Competitive Cash Offer Within 24 Hrs
No Showings – No Hassles
You CHOOSE your Closing Day
NO Repairs – We buy AS-IS!
We Pay ALL Closing Costs
NO Fees or Commissions
Our “Sell For Top Dollar” Option:
List your house
Perfect if you want to maximize your sale price and list it on the market. We have a network of hand selected Real Estate agents across the country that are experts in Probate. We’d be happy to connect you with our agent partner in your market.
Maximize your sale price
More peace of mind
Expertise at every step
Ask about our Fix & LIST Option
Selling An Inherited House
At ProbateResource.com, we already know that that probate process is hard enough as it is. Selling an inherited property or house in probate should be faster, easier, and hassle-free. We Buy Houses all over the country. If you’re serious about selling or need help with the probate process, we can help. Best of all, when we buy your house directly from you, we buy it as-is. We’ll even clean out the property for you!
We’ll guide you through every step of the process.
What REAL PEOPLE had to say about selling their house to us…
3 Options When Selling Your Inherited House
- OPTION 1 – List your house on the market with a real estate agent. From listing to cash in hand is usually 45 to 90+ days, plus you must deal with the hassles of open houses, commissions, and financing falling through at the last minute. Typically you will get top dollar listing it. We have a fantastic network of agent parters across the country who are Probate/Inheritance specialists. We’d be happy to connect you with one of our preferred agents.
- OPTION 2 – Sell the house yourself (FSBO). You’re doing all the work an agent would save a bit of money, but it costs you too much time and stress.
- OPTION 3 – Sell for cash to us at ProbateResource.com. Quick, Easy, and Hassle Free. Avoid the hassles of listing on the market, pick your closing date, and don’t bother with cleaning up or repairs. WE’LL EVEN BUY IT WITH ALL THE STUFF IN IT! Fill out the form below for an offer!
Contact us through our short property form (below) to get the process started. It doesn’t matter what condition the house is in, or even if there are tenants in there that you can’t get rid of. Don’t worry about it. We’ll take care of it for you! (Go here to learn about our process →)
Sell Your Probate House And Walk Away
We know how challenging it can be to have a loved one pass and be responsible for the things they leave behind. Not only do you need the time to grieve and comfort others, but you also have to make the time to figure out what to do with their belongings. Our goal is to save you time by answering any questions that you have. We want to help you move on to what’s most important: taking care of yourself and your family.
We would love to help you sell your property for a fair cash price on your schedule.
Get An Offer Today, Sell In A Matter Of Days...
Or Give Us A Call Now At 770-670-7683
**Bradley Woodall, the owner of ProbateResource is a licensed Real Estate Agent in Georgia (#375415) with Brokerage, OneSource Real Estate LLC, 12195 Hwy 92 Ste 114- 312, Woodstock, GA 30188.