Financial Help6 min read

Inherited and Probate Listings: What Has to Happen Before You Can Close

The probate process, stepped-up basis, and what an investor can simplify.

Inherited and Probate Listings: What Has to Happen Before You Can Close

Inherited properties are a common referral source for agents — but they come with probate complexity that can stall a traditional sale for months.

In Georgia, probate is the court process that legally transfers a deceased person's assets to their heirs. It typically takes a few months to over a year depending on whether the estate is contested, has debts to settle, or qualifies for a simplified process.

Depending on how the estate is set up, it's often possible to sell during probate once an executor or administrator has legal authority to act — rather than waiting for the entire process to close. We coordinate directly with the estate attorney for a clean transfer of title.

Inherited property generally receives a 'stepped-up basis' for tax purposes, meaning its value resets to fair market value on the date of death. This can reduce or eliminate capital gains tax. Always refer clients to a CPA for their specific situation.

We regularly purchase inherited properties as-is — contents included, no cleanout required. The family takes what matters to them; we handle the rest.

Share this article:

Have a Property to Submit?

Send it over. You'll have a preliminary range within 24 hours, and there's no obligation on either side.