Ask Dwealling: Arizona Real Estate Questions Answered
Straightforward answers to real questions Arizona homeowners ask about selling, home values, FSBO, cash offers, inherited property, probate, foreclosure, repairs, solar, and homeownership.
2 answers in Inherited Homes
Can I Sell an Inherited House in Arizona?
Yes, you can sell an inherited home in Arizona. The process depends on whether the estate goes through probate, whether title has been transferred to you, and how the property was inherited. Once you have legal authority to sell—through probate, a trust, or a beneficiary deed—you can sell the home in a variety of ways, including on the open market, as-is, or independently using tools to manage the process.
Read AnswerInherited HomesDo I Pay Taxes When Selling an Inherited House in Arizona?
Arizona does not have a state inheritance tax or estate tax. You may owe federal capital gains tax, but inherited property generally receives a 'stepped-up basis'—meaning the tax basis is adjusted to the home's fair market value at the date of death rather than the original purchase price. This can reduce or eliminate capital gains tax. Tax outcomes depend on your individual situation, so consult a tax professional before selling.
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