If you’ve recently inherited a property, you might feel unsure about your next steps. You could be wondering:
“Is there a holding period before selling my inherited home?”
It’s a common question, and the answer depends on several factors. Let’s walk through them together 👇
Probate vs. Inheritance
When someone passes away and leaves you a home, there’s often a process called probate involved.
- Probate is the legal process of verifying the will and ensuring the property goes to the rightful heir(s).
- During probate, you may not be able to sell the property immediately, especially if the will is contested or there are multiple heirs.
But here’s the good news: once probate is complete and you officially own the home, you can usually sell it right away.
The “Holding Period” Isn’t What You Think
You might have heard the term holding period when discussing inherited homes. Don’t worry—it doesn’t mean you can’t sell the house! Instead, it refers to how the property will be taxed:
- If you sell quickly, you might be subject to capital gains tax, but this often depends on when the original owner passed away and the property’s value at that time.
- Pro tip: Consult a tax professional to understand how this might apply to your situation.
Other Factors to Consider
While there’s typically no legal requirement forcing you to hold onto the home, there could be other challenges:
- Mortgages or Liens: If the property has outstanding debts, these will need to be addressed before or during the sale.
- Repairs or Maintenance: Inherited homes sometimes require updates or repairs to make them market-ready.
- Multiple Heirs: If there are other heirs, you’ll need their agreement to sell the property.
Your Options for Selling an Inherited Property
If you’re ready to move forward but don’t want the hassle of repairs, dealing with multiple parties, or a lengthy sales process, here’s an easy solution:
We buy inherited houses as-is—no repairs, no delays, no extra stress.
📞 Contact us today, and we’ll give you a fair, all-cash offer to take the property off your hands quickly and easily.
Don’t let the process overwhelm you. Let us help you turn this chapter into a win!