Selling an Inherited Home in Tennessee – Your Step-by-Step Guide
Selling an inherited home in Tennessee can be a challenging process, especially if you’re dealing with probate, emotional ties, or a property that needs repairs. Whether you plan to sell on the market or prefer a hassle-free cash sale, understanding the necessary steps will help you make an informed decision. In this guide, we’ll walk you through the entire process and explain how Local Cash Home Buyers – Simplifi Real Estate can provide a fast and simple solution.
Step 1: Determine Ownership & Legal Status
Before you can sell an inherited home, you must verify legal ownership. This typically involves:
- Checking the will: If the deceased left a will, it should specify the heirs and beneficiaries.
- Going through probate: If the estate isn’t in a trust, probate may be required to transfer ownership.
- Obtaining the deed: Once probate is complete (if required), the property title must be legally transferred to you.
- Settling any disputes: If multiple heirs are involved, ensure everyone agrees on selling the property.
If probate is necessary, Tennessee law requires an executor to oversee the estate’s distribution. The timeline for probate varies but typically takes several months.
Sell Your Inherited House Fast In 3 Easy Steps!
Contact Us
Fill out the form to give us some details about the home you’re wanting to sell.
Get Your Offer
We will schedule a time to look at the home so we can calculate our cash offer.
Get Paid
If you accept our offer, pick the closing date that works best for you and get paid!
Step 2: Assess The Condition Of The Home
Inherited homes often need repairs or updates before selling. Key considerations include:
- Structural integrity: Check for foundation issues, roof leaks, or aging plumbing.
- General upkeep: Address minor fixes such as paint, landscaping, or outdated fixtures.
- Code compliance: Ensure the property meets Tennessee building codes.
- Market value evaluation: Compare similar homes in the area to determine potential value.
If the home requires extensive repairs, selling to a real estate investor like Local Cash Home Buyers – Simplifi Real Estate can save you time and money by eliminating the need for renovations.
Step 3: Understand The Tax Implications
Selling an inherited home comes with tax responsibilities, including:
- Capital gains tax: The IRS applies a “stepped-up basis,” meaning you’ll pay taxes only on gains from the inherited value, not the original purchase price.
- Property taxes: If the home was vacant for a while, unpaid property taxes might need settling before the sale.
- Inheritance tax: Tennessee does not have an inheritance tax, but federal estate taxes may apply in high-value cases.
Consulting a tax professional can help you navigate these potential obligations.
Step 4: Decide How To Sell The Home
You have three primary options for selling an inherited home in Tennessee:
1. Sell Through A Real Estate Agent
- Pros: Access to the MLS, higher selling price potential.
- Cons: Requires repairs, commissions, closing costs, and waiting months for a buyer.
2. Sell The Home Yourself (FSBO)
- Pros: No agent commissions, full control over the sale.
- Cons: Requires marketing skills, negotiations, and handling legal paperwork.
3. Sell Directly To A Cash Home Buyer
- Cons: Typically a lower price than a retail market sale, but saves time and expenses.
- Pros: No repairs needed, no agent fees, fast closing (as little as 7 days).
Step 5: Prepare The Home For Sale
If you choose to list the home traditionally, you’ll need to:
- Declutter & depersonalize: Remove personal belongings and stage the home.
- Make necessary repairs: Address any visible defects to attract buyers.
- Market the home: Take professional photos and list it on real estate platforms.
- Be ready for showings: Potential buyers will want to visit the property.
Alternatively, if you prefer a simple sale, Local Cash Home Buyers – Simplifi Real Estate can make you a no-obligation cash offer, allowing you to skip these steps.
Why Sell My Inherited Home To Simplifi Real Estate?
Selling a home can often be overwhelming, but Simplifi Real Estate is here to simplify every step. Because we buy Inherited houses direct from sellers in cash, we eliminate fees, commissions, and other middleman costs. We also understand that every homeowner’s situation is different, which is why we purchase Inherited houses in Tennessee as-is, covering all closing costs and necessary repairs.
Fair Cash Offer
We’ll make you a cash offer based on the condition and value of the home.
Simple Sale Process
We want to make selling your home as easy and stress-free as possible.
Close When You Want
Need to sell fast or need extra time to move? We’ll work with you.
Sell Your Home As-Is
You won’t have to make any repairs or updates! We buy Inherited houses totally “as-is.”
No Agent Fees
We buy Inherited houses directly from sellers with no realtor commissions or other fees.
No Need To Clean
No need to clean. Leave behind anything you don’t want to take with you.
Step 6: Negotiate Offers & Close The Sale
Once you receive offers, review them carefully:
- If selling traditionally, negotiate the best price and agree on a closing date.
- If selling to an investor, evaluate the cash offer and consider the benefits of a quick, hassle-free sale.
Closing on a traditional sale can take 30-60 days, while cash sales can close in as little as 7 days.
Cash Inherited Home Buyers Near You In TN
“The very first time I met Devin, there was this peace, knowing, that I could trust him. He and his wife Shelby and staff Rebecca, went above and beyond my expectations! And I didn’t have to do anything. I am glad I sold the house to Simplifi Real Estate LLC. And I am very satisfied how everything went, and will highly recommend the company.
Thank you for being there for my husband and myself. You are truly Jesus Children. May God continue to bless your family, the company and Staff. Thank you for being faithful. And again many thanks to you guys !💕”
– Yvonne Dunlap 
Why Sell Your Inherited Home To Local Cash Home Buyers – Simplifi Real Estate?
Selling an inherited home doesn’t have to be stressful. Here’s why homeowners in Tennessee trust us:
✔ Fast Cash Offers – No waiting months to sell.
✔ Sell As-Is – No repairs, no cleaning, no hassles.
✔ No Fees Or Commissions – What we offer is what you get.
✔ No Probate Delays – We work with probate situations.
✔ Local & Trustworthy – We’re a reputable Tennessee home buyer.
Get A Free Cash Offer Today
If you’ve inherited a home in Tennessee and want a quick, hassle-free way to sell, contact Local Cash Home Buyers – Simplifi Real Estate. We’ll provide a fair, no-obligation cash offer and help you through every step of the process.
Our Commitment To You
Yes, we are a business and we try to make a profit on every deal. However, we’re all about fairness and doing right by you. Our goal is to create a win-win deal for everyone involved. If it’s not a win for you, we’re not the right fit, and we won’t move forward with the sale.
You can trust us to be honest, upfront, and compassionate while helping you find the best solution. Give us a shot, and you’ll see the difference!
Thanks for trusting us—we’ve got your back!
-Devin Ramos
Sell Your Inherited Home In Tennessee The Easy Way!
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