Inheriting a property can be both a gift and a challenge. While it may come with sentimental value or financial opportunity, it also involves legal processes, tax implications, and often, the emotional decision of whether to keep or sell. If you recently inherited a home in Lancaster, Dauphin, Lebanon, or the surrounding counties, and you’re considering selling, this guide is for you.
Understanding the Probate Process
Before you can sell an inherited home, you may need to go through probate. This is a legal process where the will is validated and the estate is settled. In Pennsylvania, probate is typically required unless the property was held in joint tenancy or placed in a trust. The executor named in the will has the authority to manage the estate, including the sale of real estate.
- How long does probate take in PA? It can vary, but generally takes several months.
- Can you sell during probate? Yes, with court approval or if the executor has the necessary authority.
Learn more about probate in Pennsylvania
Multiple Heirs? Here’s What to Do
When a property is inherited by multiple family members, things can get complicated. Some may want to keep the home; others may want to sell. To avoid delays:
- Communicate early and often.
- Get the home appraised so everyone has a clear understanding of its value.
- Consider buying out the other heirs if one person wants to keep the house.
- If everyone agrees to sell, make sure all parties sign the appropriate paperwork.
How to sell an inherited home with siblings
Tax Implications to Keep in Mind
One common concern when selling an inherited home is capital gains tax. Fortunately, heirs benefit from a “step-up” in basis. That means:
- The value of the home is adjusted to its fair market value at the time of the original owner’s death.
- You only pay capital gains on any increase in value after that point.
Tip: If you sell soon after inheriting the home, your capital gains may be minimal.
IRS guidelines on inherited property
What If the House Needs Work?
Inherited properties often need repairs, updates, or cleanouts before they’re market-ready. But you don’t have to tackle it alone. You can:
- Hire a realtor and invest in renovations to sell at top dollar.
- Sell the property “as-is” to a cash buyer like We Buy Lancaster Houses.
Selling as-is saves time, avoids repair costs, and lets you move forward quickly.
For more guidance, visit our blog on how to sell a house that needs repairs.
Selling to a Cash Buyer: A Smart Alternative
If you want a fast, no-hassle sale, consider working with a local cash home buyer. At We Buy Lancaster Houses, we help people in South Central PA sell inherited homes without cleaning, fixing, or waiting.
Here’s how it works:
- Contact us and tell us about the property.
- We schedule a brief visit or gather details virtually.
- You receive a fair, no-obligation cash offer.
- If you accept, we close on your timeline — often within a week.
No agent commissions. No closing costs. No surprises.
Check out our how it works page to learn more.
Key Takeaways
| Issue | What to Know |
|---|---|
| Probate | Required in most cases unless home was in a trust |
| Multiple heirs | All parties must agree on sale or buyout arrangement |
| Capital gains tax | Step-up in basis minimizes tax burden |
| House condition | You can sell as-is or invest in updates |
| Cash buyer option | Fast, no-fee sale with flexible closing |
Ready to Sell Your Inherited House in Lancaster, PA?
At We Buy Lancaster Houses, we specialize in helping families navigate the sale of inherited properties. Whether the home needs work, is stuck in probate, or has multiple heirs involved, we’ll walk you through the process with care and clarity.
📞 Call or text us at (717) 715-0010 or visit our contact page to get your no-pressure offer today.
Selling your inherited home doesn’t have to be stressful — we’re here to help you move forward.