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Inheriting a house? Unsure when to sell? Hosts Mike and Cyril break down the timeline. Learn the simple truth: there's no legal deadline, but you must clear the 6-12 month probate hurdle. Discover the crucial one-year tax clock and the benefit of the stepped-up basis to minimize capital gains. Find out how ongoing costs and market timing affect your decision to sell the inherited property quickly or hold it.
By Zion City HomesInheriting a house? Unsure when to sell? Hosts Mike and Cyril break down the timeline. Learn the simple truth: there's no legal deadline, but you must clear the 6-12 month probate hurdle. Discover the crucial one-year tax clock and the benefit of the stepped-up basis to minimize capital gains. Find out how ongoing costs and market timing affect your decision to sell the inherited property quickly or hold it.