Pittsburgh Cash Home Buyers Blog

probate without a will

Probate Without a Will: Quick Steps, Tips, and Solutions

By

Did you know that nearly half of Americans die without a will? This can lead to complex legal challenges for their families. When a loved one passes away without a will, their estate enters probate, a process that can be confusing and overwhelming. Today, we’re taking a closer look into probate without a will, offering … Continued
house in probate

What You Need to Know When Valuing a Pittsburgh House in Probate

By

Did you know that the median home price in Pittsburgh is around $240,000? But that doesn’t necessarily mean an inherited property is worth the same amount. Valuing a house in probate can be a daunting task. They’re often sold below market value due to incorrect appraisals and emotional decision-making. Are you looking to sell inherited … Continued
capital gains on inherited property

Understanding Capital Gains on Inherited Property in PA

By

More than half of U.S. households are now making inheritance plans. If you’re among them and stand to inherit property in Pennsylvania, congratulations! However, receiving inherited property comes with understanding the tax implications. One key area to navigate is capital gains on inherited property. You need to be aware of the potential tax burden you may face … Continued
probate sale

Understanding Probate Sale: A Complete Guide for Sellers

By

Selling a loved one’s home after they’ve passed can feel like navigating a labyrinth. The probate sale can be a minefield of confusion, stress, and delays, but it doesn’t have to be. If you’re dealing with a probate sale, you’re likely handling inherited property, and the process can be daunting. You might find yourself staring … Continued
how to report inheritance to the irs

How to Report Inheritance to the IRS: A Step-by-Step Guide

By

Receiving an inheritance can feel like winning the lottery; suddenly, you have assets that weren’t in your bank account yesterday. But with great power comes great responsibility, and part of that responsibility is figuring out how to report inheritance to the IRS in 2024. This guide walks you through the process, ensuring you stay on … Continued
can an executor rent out a property before probate is granted

Can an Executor Rent Out a Property Before Probate Is Granted?

By

Imagine receiving a call that you’ve just inherited a house. However, the legal processes aren’t complete. This scenario places many executors in a tight spot, raising the question: can an executor rent out a property before probate is granted? While dealing with the emotional weight of a loved one’s passing, executors must also navigate the … Continued
capital gains tax on inherited property

A Guide to Understanding the Capital Gains Tax on Inherited Property

By

You inherited property recently, and are trying to figure out the tax ramifications. How long do you need to hold it before selling? What are capital gains tax on inherited property? Today we’re diving into the answers for these questions, and offering clear, actionable insights into demystifying this aspect of your inheritance! Basics of Inherited … Continued
how to buy out a sibling on shared property

How to Buy Out a Sibling on Shared Property

By

Inheriting or sharing property with siblings can turn from a blessing into a tricky and emotional situation. This is especially true when there are issues of ownership. So what do you do if you want to know how to buy out a sibling on shared property? Today we’re answering that question, and diving into the … Continued
inheriting a house

Inheriting a House: Should You Keep, Sell, or Rent Out the Property

By

Inheriting a house can feel like a bolt from the blue. One moment, you’re navigating your everyday routine, and the next, you’re thrust into the role of property manager. And this is complete with decisions about maintenance, taxes, and the future of this unexpected asset. This twist of fate propels you into unfamiliar territory, laden … Continued
probate administration

Understanding the Basics of Probate Administration

By

When a loved one dies, there are often complex legal challenges you’ll need to deal with. But what happens with major assets like real estate? The answer is probate. Understanding probate administration is the first step toward turning a complex situation into a manageable one. Read on as we dive into the details of probate … Continued
516 Grandview Ave Pittsburgh Office:
(412) 900-8261