Selling an Inherited Home in St. Charles County: Legal and Financial Tips

Inheriting a home is a significant event—emotionally and financially. For many families in St. Charles County, an inherited property brings questions: Should we sell it? What about taxes? How does probate factor in? What if the home needs repairs or is still occupied?

At MarketPoint Realty, we specialize in helping local families sell inherited homes with clarity, compassion, and legal understanding. Led by Jacob Geringer, a licensed broker and certified appraiser, we simplify the process and help you get the most value from your family’s legacy.

Here’s what you need to know before listing or selling an inherited home in St. Charles County, Missouri.

🏡 Step 1: Determine the Property's Legal Status

Before you can sell an inherited home, confirm whether it’s part of a probate case or if ownership has already been legally transferred.

• If the property is going through probate, see [Blog 1 in this series] for a step-by-step guide.
• If it was held in a trust, the sale can often move forward without court delays.
• If multiple heirs are involved, all parties must agree to the sale terms.

Jacob works directly with local probate attorneys and title companies to ensure all ownership documentation is clean and ready for sale.

📊 Step 2: Get an Accurate Valuation

One of the most critical steps is knowing the home’s true market value—especially if:

• The heirs need to divide proceeds fairly
• The IRS requires a step-up in basis for capital gains tax
• You want to price the home competitively

Jacob’s background as a certified appraiser ensures your valuation is accurate, objective, and legally defensible.

🔧 Step 3: Decide Whether to Sell As-Is or Renovate

Inherited homes may be outdated, cluttered, or even damaged. MarketPoint Realty will assess:

• What (if any) repairs are worth making
• Whether it’s best to sell to a traditional buyer or investor
• How to market the home to the right audience (move-in ready vs. fixer-upper)

You don’t have to clean it out alone—we can recommend vendors for cleanout, estate sales, or junk removal.

💼 Step 4: Understand the Tax Implications

Capital Gains Tax may apply depending on the home’s value at the time of inheritance vs. time of sale.

• Most heirs receive a “step-up” in basis to the property’s market value on the date of the owner’s death
• This typically reduces or eliminates capital gains tax if sold shortly thereafter

Always consult your tax advisor, but we’ll provide sale documentation to help you or your accountant navigate the reporting process.

🗝️ Local Insight: Common Scenarios We Handle

• Out-of-state heirs managing a sale from afar
• Homes tied up in probate or trust administration
• Properties needing as-is sale due to age or condition
• Multiple siblings or heirs needing coordination and communication

💬 Real Story: From Inheritance to Sale

“We inherited our parents’ home in St. Charles, but none of us lived nearby or wanted to keep it. Jacob helped us understand probate, listed the house as-is, and sold it in under 2 weeks. He kept everyone in the loop and made it stress-free.”

– The Wallace Family, St. Louis & Chicago

✅ Why Work With MarketPoint Realty?

• Certified Appraisal + Real Estate Expertise
• Local Probate Process Knowledge
• Investor & Traditional Buyer Networks
• Compassionate, Professional Service

Inherited homes require a special kind of care. We’re ready to provide it.

📞 Let's Talk About Your Next Step

If you’ve inherited a home in St. Charles County and need guidance on selling, MarketPoint Realty is here to help.

➡️ Schedule a free consultation or call (314) 570‑6794 to speak directly with Jacob.

Whether you’re ready to sell now or just gathering info—we’re happy to help.