Inherited Property: Should You Sell, Rent, or Move In?

Before you decide what to do with inherited real estate, ask these key questions.

1. What's Your Goal?

• Need cash? → Sell

• Want passive income? → Rent it out

• Dream home potential? → Move in

Don’t rush the choice—each path comes with trade-offs.

2. Check the Condition
Inherited homes are often dated or need repairs.

• Light touch-up or major overhaul?

• Can it pass inspection or rent-ready?

• Need to clean out years of belongings?

This impacts cost, timing, and stress level.

3. Who Actually Owns It?
Is the home titled in your name yet?

• Trust? Title transfer may be quick.

• Probate? May take months.

• Multiple heirs? You’ll need agreement to sell or rent.

4. Taxes & Costs Matter

• Property taxes may reset

• Capital gains rules are different for inherited homes

• Can you afford upkeep, insurance, and utilities?

Don’t let sentiment blindside your finances.

5. Think Long-Term

• Selling is simple, but final

• Renting builds wealth, but takes work

• Moving in? Make sure it fits your lifestyle

Not sure what to do next?
Call or text me at 714.369.4887
Email traci@helpforheirs.com

Let’s talk through your options. No pressure—just clarity.