Inherited a House? Sell It Without the Headaches.

It depends on the type of probate. In an informal probate (the most common type when there's a will and no disputes), the personal representative can often be appointed within days and may have authority to sell real property. In a formal probate, you may need court approval before selling. We can also enter into a purchase agreement that's contingent on probate completion, locking in your price while the legal process runs its course. We work with probate attorneys regularly and can help you figure out the best approach.

No. We buy properties exactly as they are, including all contents. Take the items that have sentimental or personal value to you, and leave everything else. We handle the clean-out after closing. This is one of the biggest advantages of selling to us vs. listing with an agent, where you'd typically need to empty, clean, and stage the house before a single buyer walks through.

All heirs with legal ownership must agree to the sale for it to proceed. If there's disagreement, New Mexico law allows any heir to petition the court for a "partition sale," which forces the property to be sold and proceeds divided. We've purchased properties through partition actions before. If heirs generally agree but have different priorities (one wants to sell fast, another wants maximum price), our straightforward cash offer often bridges that gap because it eliminates the uncertainty of a traditional listing.

Inherited property receives a "stepped-up basis" under IRS rules. This means the property's tax basis is reset to its fair market value on the date of the previous owner's death. If you sell at or near that value, your capital gains are minimal or zero. For example, if the home was worth $180,000 when your parent passed and you sell for $175,000, there are no capital gains to report. The longer you hold the property, the more the value may diverge from the stepped-up basis. We always recommend consulting a tax professional for your specific situation, but selling soon after inheriting generally offers the most favorable tax outcome.

Absolutely. A large percentage of the inherited properties we buy are owned by out-of-state heirs. We handle the property inspection ourselves (with your permission), send all documents electronically, and arrange for a mobile notary to come to your location for signing. You can complete the entire sale from your couch. We've closed with heirs in over a dozen states without them ever setting foot in New Mexico.