FREQUENTLY ASKED QUESTIONS
Should I fix the inherited house before selling?
It depends on how you plan to sell. Listing on the open market often means repairs pay off, since buyers using a mortgage typically expect a move-in-ready home and an appraiser may require fixes before a loan closes. Selling to a cash buyer flips that math: repairs, cleanout, and permits cost time and money up front, and none of it is required to close. For most heirs juggling probate, distance, or a house needing more than cosmetic work, skipping repairs and taking a cash offer nets a comparable or better outcome once you factor in months of holding costs, taxes, insurance, and utilities on a vacant property.
Will selling trigger capital gains tax?
For most heirs, less tax than they expect. The property’s cost basis generally “steps up” to its fair market value on the date the previous owner died, so any capital gains tax applies only to appreciation after that date, not the full sale price. Georgia does not levy a separate state inheritance or estate tax on top of that. This is general information, not tax advice — run your specific numbers by a CPA or estate attorney before you sell.
What happens if the house has unpaid property taxes or a lien?
Back county property taxes, an HOA lien, or a pending tax deed sale can typically be paid directly out of the closing proceeds by the closing attorney, rather than requiring money from the heirs up front. Any known liens are simply factored into the offer, so the number you’re quoted is close to the number you actually walk away with.
What happens if a will isn’t valid in Georgia?
If a will isn’t considered valid, the estate may have to go through the administration process, and additional probate steps may be required. If the will is being challenged because of issues such as duress or forgery, probate litigation may also be involved. It’s important to consult a qualified probate attorney about your specific situation.
What happens if someone dies without a will in Georgia?
When someone dies without a will in Georgia, they are considered to have died intestate, and their estate must follow Georgia’s intestate succession laws. The court determines the legal heirs, and the estate generally goes through an administration process. Depending on the family situation, multiple relatives may be involved, which can make the probate process more complicated.