INHERITED PROPERTY SOLUTIONS
Inherited a house and not sure what to do next?
We make it easy to sell fast for cash. No repairs, no agents, no stress.
When several family members inherit a property, opinions often differ, some may want to sell, others prefer to keep it. These differences can lead to stress and delays.
That’s where we come in. We work with all heirs to find a solution that works for everyone, whether that means buying out shares from those who want to sell or helping others retain ownership. Our goal is to make the process smooth, fair, and stress-free.
Inheriting a home often comes with mixed emotions, a meaningful connection to a loved one, but also unexpected responsibilities. From ongoing maintenance and financial strain to complex family dynamics, managing an inherited property can be overwhelming especially when multiple heirs are involved.
At Clicksold, we specialize in helping families navigate these challenges. We provide a fast, stress-free solution to sell your inherited house for cash, no repairs, no cleaning, and no drawn-out process. Just a simple way to move forward, on your terms.
COMMON CHALLENGES WITH INHERITED PROPERTIES
Inherited properties often come with years of wear and tear especially if they were owned by elderly relatives who couldn’t keep up with maintenance. Repairs can be costly, time-consuming, and overwhelming.
The good news? You don’t have to fix a thing. We buy homes in any condition no cleaning, no updates, no hauling junk. Leave everything exactly as it is, and we’ll take it from there.
Living far from an inherited property can make upkeep and selling a real challenge. Coordinating everything from a distance is stressful and time-consuming.
That’s where we step in. Our process is designed for remote convenience—you won’t have to travel. We handle everything on-site, and you can complete the entire sale from wherever you are.
Dealing with probate in can feel overwhelming, especially if you’re unfamiliar with the legal process. It’s time-consuming, full of paperwork, and often confusing.
We’re experienced in working with executors and administrators throughout probate. We’ll navigate the process alongside you and are ready to close whenever the timing is right.
While you’re figuring out what to do next, the costs keep adding up, mortgage payments, taxes, insurance, utilities, and upkeep can quickly become a burden.
We offer fast closings to help you move on sooner, sometimes in as little as 7 days after probate wraps up. Say goodbye to ongoing expenses and hello to a hassle-free solution.
Inherited homes are more than just property, they hold memories, stories, and emotional ties. That can make preparing for a sale feel overwhelming and deeply personal.
We’re here to help with compassion. We approach every situation with sensitivity and respect, making the process as smooth and thoughtful as possible.
OUR SIMPLE PROCESS FOR INHERITED PROPERTIES
Stepped-Up Basis
When you inherit property, you typically receive a "stepped-up basis," meaning the property's tax basis is adjusted to its fair market value at the time of the previous owner's death. This can significantly reduce capital gains taxes when you sell.
Example: If your parent purchased a home for $100,000 that was worth $300,000 when they passed away, your basis would be $300,000, not the original $100,000.
TAX CONSIDERATIONS FOR INHERITED PROPERTIES
Capital Gains Tax
If you sell the inherited property for more than its stepped-up basis, you may owe capital gains tax on the difference. However, due to the stepped-up basis, this is often minimal compared to what the original owner would have paid.
The capital gains tax rate depends on your income and how long you've owned the property after inheriting it.
Primary Residence Exclusion
The primary residence capital gains exclusion ($250,000 for individuals, $500,000 for married couples) typically doesn't apply to inherited properties unless you've lived in the home as your primary residence for at least 2 of the last 5 years.
Estate Taxes
Most estates aren't large enough to owe federal estate tax (the exemption is $12.92 million in 2023).
Estate taxes are typically paid by the estate before assets are distributed to heirs.
Income Tax Deductions
You may be able to deduct certain expenses related to the inherited property, such as property taxes, mortgage interest, and maintenance costs, depending on how the property is used.
Multiple Heirs
When multiple heirs sell an inherited property, each heir's tax situation is based on their ownership percentage and individual circumstances.
It's especially important to consult with tax professionals when multiple heirs are involved.