Losing a loved one is never easy. On top of the emotional weight, you may also find yourself responsible for handling their home and estate.
If you’ve recently inherited a house in Texas, you might be wondering:
“What do I do next?”
This guide will walk you through the most important steps to take so you can move forward with clarity and confidence.
Step 1: Determine How the Property Was Transferred
The first step is understanding how you inherited the home, as this affects what you can do next.
Common scenarios include:
- Will (Probate): The property must go through the probate process
- Trust: The home may transfer directly to you
- Transfer on Death Deed (TODD): Ownership passes without probate
If you’re unsure, it’s best to consult with a probate attorney in Texas to confirm your legal standing.
Step 2: Go Through the Probate Process (If Required)
If the home was left through a will, it may need to go through probate, which is the legal process of transferring ownership.
During probate:
- The court validates the will
- Debts and taxes are settled
- Ownership is officially transferred
In Texas, probate can take a few months depending on the situation.
Step 3: Secure and Maintain the Property
Once you’re responsible for the home, you’ll want to protect it.
Make sure to:
- Change locks if necessary
- Maintain utilities (electric, water, etc.)
- Keep up with lawn care and basic upkeep
- Notify the insurance company
Vacant homes can become targets for damage or theft, so staying on top of maintenance is important.
Step 4: Understand Financial Responsibilities
Even though you inherited the home, there may still be ongoing costs, including:
- Property taxes
- Mortgage (if one exists)
- Insurance
- Maintenance and repairs
Before making any decisions, get a clear picture of what the home is costing you each month.
Step 5: Decide What to Do with the Inherited Property
You generally have three main options:
1. Move Into the Home
If the property fits your needs, you may choose to live in it yourself.
2. Keep It as a Rental
Some heirs decide to turn the home into an investment property for ongoing income.
3. Sell the Home
Selling is often the most common choice, especially if:
- You live out of the area
- The home needs repairs
- You want to avoid ongoing costs
A local real estate agent can help you determine the home’s value and guide you through the selling process.
Step 6: Be Aware of Tax Implications
Inherited property has unique tax rules.
One important benefit is the “step-up in basis,” which can reduce capital gains taxes if you sell the home.
However, every situation is different, so it’s smart to speak with a tax professional or CPA before making a decision.
Step 7: Work with a Local Real Estate Expert
Handling an inherited home can feel overwhelming—but you don’t have to do it alone.
If you’ve inherited a home in Tyler, Winona, or East Texas, working with a local real estate expert can help you:
- Understand your options
- Price the home correctly
- Navigate repairs or selling “as-is”
- Sell quickly and efficiently
We’re Here to Help
At 903 Realty, we understand that this process is both emotional and complex. Our goal is to make things as simple and stress-free as possible.
If you need guidance on what to do with an inherited home in East Texas, we’re here for you.
Contact us today for a no-pressure consultation.