Confirm who can sell
Before a sale, the person signing must have legal authority — typically the executor or administrator of the estate, or the heirs once title has passed. A probate attorney can confirm what's needed in your situation.
Keep the property running
Rents, insurance, taxes and repairs don't pause. Make sure someone is collecting rent, the insurance policy is in force, and urgent maintenance is handled. Gather whatever records you can find: leases, deposits, bills, tax statements.
Understand the tax picture
Inherited property often receives a stepped-up tax basis to its value at the date of death, which may reduce capital gains on a sale. Ask a CPA to confirm how this applies to you.
When heirs disagree
It's common for siblings to have different goals. An independent valuation gives everyone the same starting point. Some heirs choose a sale; others buy out the rest.
This guide is general information, not legal, tax or financial advice. Talk to your own advisors about your situation.
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