Selling an Inherited House in McAllen, Texas – What You Need to Know
Inheriting a house can be both a blessing and a burden. While it may seem like an opportunity, it often comes with unexpected costs, legal hurdles, and emotional stress. Many people find themselves unsure of what to do next—should they keep the home, rent it out, or sell it? If you’re in McAllen, Texas, and have recently inherited a property, this guide will walk you through everything you need to know about selling an inherited house and how to make the process as simple as possible.
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What Happens When You Inherit a House?
The first thing to determine when you inherit a home is who legally owns it and what financial obligations come with it. Some inherited homes are mortgage-free, while others still have outstanding balances. You may also be responsible for property taxes, insurance, and maintenance costs. If the home is part of an estate, it may need to go through probate before you can sell it.
If multiple heirs are involved, you’ll also need to agree on what to do with the property. Some families opt to sell the home and split the proceeds, while others may want to keep it. If you and your family are unsure of your options, consulting a real estate expert or probate attorney can help clarify your next steps.
Act now and read this guide: How to Avoid Foreclosure in McAllen: Sell Your House Before It’s Too Late.
Should You Keep, Rent, or Sell an Inherited Home?
Deciding what to do with an inherited house depends on your financial situation, legal obligations, and long-term goals. Here’s a breakdown of your options:
Keeping the Home
Some heirs choose to move into the home and make it their primary residence. This may be a good option if the house is paid off and in good condition. However, you’ll still need to consider property taxes, maintenance costs, and insurance.
Renting the Home
Renting out the home may seem like a good way to generate income, but it also comes with landlord responsibilities, tenant management, and maintenance costs. Many heirs find that being a landlord is more work than expected and choose to sell instead.
Selling the Home
If you don’t want to keep or rent the home, selling is often the simplest, stress-free, and fastest solution. However, traditional home sales can be time-consuming, especially if the house needs repairs or must go through probate. If you need a quick, stress-free sale, working with a cash home buyer may be the best solution.
See What Homeowners in McAllen, Texas, Are Saying
We’ve guided countless homeowners in McAllen, Texas, to sell their houses quickly and easily. Here’s what some of them had to say about working with TWB House Buyers:
"I was in a bad situation, and Jason helped me out so much. A really good person with an open heart to help others. Thank you so much for your help!"
Salvador Sanchez
McAllen, TX
"Jason has been a very good help with any questions we have had. Very friendly and helpful and has always taken care of any questions we have."
David Corpus
McAllen, TX
"TWB House Buyers was fast and made the process of selling my home so easy and stress-free. Definitely recommend them to anyone looking to sell their home."
Eric Escobedo
McAllen, TX
Get Your Free Cash Offer Now!
Fill out this form to get your no-obligation all cash offer started!
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How to Sell an Inherited House in McAllen, Texas
If you decide to sell your inherited home, you have two main options: listing it on the market with a real estate agent or selling it directly to a cash home buyer. Here’s how each process works.
Option 1: Selling With a Real Estate Agent
A traditional home sale involves:
- Repairs and cleaning – Most inherited homes need updates before listing.
- Staging and showings – Buyers expect move-in-ready homes.
- Waiting for an offer – The average home sale in Texas takes 45–60 days.
- Closing costs and realtor fees – Commissions can cost 6% of the sale price.
While this option works for some, it’s not ideal for those needing a fast or hassle-free sale.
Option 2: Selling to a Cash Home Buyer
If you’re looking for a quick and straightforward sale, selling to a cash home buyer is a great alternative. This process allows you to:
- Sell the home as-is – No repairs, cleaning, or updates needed.
- Avoid showings and staging – You don’t have to prepare the home for buyers.
- Get a cash offer in 24 hours – No waiting for mortgage approvals.
- Close in as little as 7 days – You choose the closing date.
Selling an inherited house can be overwhelming, but working with a local cash home buyer like TWB House Buyers makes the process simple and stress-free.
Common Challenges When Selling an Inherited Home
Probate and Legal Issues
If the house is still in probate, you may need court approval before selling. The probate process varies by state, but Texas laws allow for a streamlined probate process in certain cases. If you’re unsure about the legal requirements, consulting a probate attorney can help.
Disagreements Among Heirs
If multiple family members inherit a house, they must agree on what to do with it. Some heirs may want to sell, while others may want to keep the property. If disagreements arise, you may need legal mediation to resolve the situation.
Property Condition and Repairs
Many inherited homes are older and need repairs. If you don’t have the time or money to renovate, selling as-is to a cash buyer is the easiest option.
Sell your house fast today and avoid the hassle of repairs, fees, and delays.
The Tax Implications of Selling an Inherited House
One of the biggest concerns heirs have is tax liability. In Texas, there is no state inheritance tax, but you may still owe capital gains tax if the home increases in value before you sell it.
How Capital Gains Tax Works
Capital gains tax is based on the difference between the home’s fair market value at the time of inheritance and its selling price. If the home’s value increased significantly, you might owe taxes on the profit. However, you can minimize taxes by:
- Selling the home quickly before it appreciates too much.
- Using the step-up in basis rule to reduce tax liability.
- Working with a tax professional to explore deductions.
Learn more about probate home sales in Texas and how to minimize tax burdens when selling an inherited home.
Why Homeowners Trust TWB House Buyers
Many inherited homeowners don’t want the stress of listing their home, dealing with repairs, or waiting months for a buyer. That’s where TWB House Buyers comes in.
- No Cleaning or Repairs Needed – Take what you want and leave the rest.
- No Agent Commissions or Fees – Save thousands on closing costs.
- Fast, Guaranteed Sale – No risk of buyer financing falling through.
- Flexible Closing Timeline – Close in 7 days or choose a later date.
- Local, Trusted Experts – We know the McAllen real estate market inside and out.
Get Your Free Cash Offer Now!
Fill out this form to get your no-obligation all cash offer started!
Get Your Free Offer TODAY!
Fill In This Form To Get Your No-Obligation All Cash Offer Started!
Get a Cash Offer for Your Inherited House Today
Selling an inherited home doesn’t have to be complicated or stressful. Whether you’re dealing with probate, family disputes, or unexpected costs, TWB House Buyers can provide a fast and fair solution.
Get a no-obligation cash offer in 24 hours.
Call us today at (956) 460-1983 or request an offer online.