McDonald’s Guide to Selling an Inherited Property:

McDonald’s Guide to Selling an Inherited Property:

Inheriting a property can feel like both a blessing and a big responsibility. Whether it’s the former family home or a property that’s been in your family for years, deciding what to do with it, especially if you plan to sell can be emotional and complex. At McDonald Estate Agents, we want to help you understand the process so you can make confident decisions every step of the way.

Here’s a straightforward guide to help you navigate selling an inherited home, from legal basics to practical tips on preparing your property for sale.

1. Make Sure the Property Is Legally Yours

Before you can sell, the property must legally be in your name. This usually involves:

Probate

If the person who passed away left a will, the executor applies for a Grant of Probate, which gives them the legal right to deal with the estate’s assets — including property. Only once probate is granted can you transfer the house into your name. In more complex cases, this process can take several months. 

If there’s no will, the closest relative can apply for a Grant of Letters of Administration to take charge of the estate before selling.

Tip: Speak to a solicitor early in the process — they can guide you through probate and the transfer of ownership, helping avoid delays later. 

2. Check for Any Outstanding Mortgage or Debts

If the property still has a mortgage on it, you’ll need to:

• Find out how much is outstanding
• Inform the mortgage lender once probate is granted
• Decide whether you’ll pay off the mortgage from the sale proceeds or remortgage in your name before selling

This is a key step — especially if the loan needs settling before you can proceed. 

3. Decide Whether to Renovate or Refresh

Empty properties often feel unwelcoming to buyers. Taking time to:

• Clear out belongings and personal items
• Declutter and organise furniture
• Deep clean carpets, windows and floors
• Fix minor issues like loose tiles or faded paint

can dramatically improve the appeal and help you achieve a better sale price. 

Even simple cosmetic updates like a fresh coat of neutral paint or tidying outdoor spaces can help buyers connect emotionally with the home.

4. Understand the Tax Situation

There are a few tax implications you should be aware of:

Inheritance Tax (IHT)

Inheritance tax usually applies before you inherit, based on the value of the entire estate. If the estate was above the applicable threshold, IHT may already have been dealt with through probate. 

Capital Gains Tax (CGT)

When you sell an inherited property, you may need to pay CGT if the property increases in value between the date you inherited it and the date you sell it. You only pay CGT on the profit, not the full sale price. 

Tip: Keeping records of any improvements you make and selling costs helps minimise the CGT liability. It’s wise to consult a tax professional for tailored advice before you sell.

5. Get a Market Valuation and Choose the Right Estate Agent

Once the property is legally yours and you’re ready to sell:

• Get a professional valuation — ideally from a local estate agent familiar with the area
• Ask for a written estimate of what your home could sell for
• Choose an agent who understands how to market probate properties

A strong agent will handle viewings sensitively and position the home to attract genuine buyers.

At McDonald’s Estate Agents, we’re here to help clients through this process with clear, personalised guidance.

6. Agree With Other Beneficiaries If Needed

If you inherited the property with siblings, relatives or others, it’s important to:

• Agree on whether to sell
• Decide how you’ll split proceeds
• Get everyone’s consent in writing

Open communication can prevent disagreements and help the sale proceed smoothly.

7. Prepare for Sale and Complete the Process

Once everything is in place:

• List the property on the market
• Prepare paperwork for solicitors
• Respond quickly to enquiries and offers
• Work with conveyancers to complete the sale

The process isn’t always quick, but staying organised makes a big difference.

Final Thoughts

Selling an inherited property doesn’t have to feel overwhelming. With the right advice and support, you can manage the legal steps, prepare the home effectively and find the right buyer — all in a way that honours the property’s history and moves you forward with confidence.

If you’re thinking about selling an inherited home — or simply want to explore your options — get in touch with McDonald’s. We’re here to offer friendly, expert advice every step of the way.
 

Sources from HOA.org and homepropertylaw.co.uk