HomeBlogReasons to SellIs There a Holding Period Before Selling an Inherited Home in Wildwood, MO? Share on Like what you see? Share with a friend. Is There a Holding Period Before Selling an Inherited Home in Wildwood, MO? Chris Kirshenboim | July 30, 2020 Last updated August 10, 2026 The short answer is that Missouri imposes no holding period before selling an inherited home. Once the estate has the legal authority to convey title, the house can be sold, whether that is next month or next year. What people are usually asking about is one of two other things. The first is probate. If the property passed under a will rather than through a beneficiary deed or a trust, the personal representative needs letters from the probate court before a deed can be signed, and that step, not any inherited home holding period, is what sets the timeline in Wildwood, MO. The second is taxes. Federal law gives inherited property a stepped-up basis at the date of death and treats the gain as long term no matter how briefly you owned it, so selling early creates no short-term tax penalty. That surprises most heirs, and it is the part worth confirming with your own CPA. What does cost money while you wait is the carrying: county taxes, insurance on a vacant house, utilities, lawn care, and whatever the roof does over another winter. If the family is ready, you can sell an inherited house as it stands. If the will is still being proved, use the time to read up on the tax consequences of an inherited sale and get the paperwork in order. If you’ve inherited a property, you might now be wondering what to do with that property. And if you’re thinking about selling it then you’re probably wondering, "Is There A Holding Period Before Selling My inherited Home In Wildwood, MO?” Great question. So as local homebuyers in Missouri, we have put here a few of the important things that you should know in order to answer the question. Is There A Holding Period Before Selling My Inherited Home In Wildwood, MO Probate Versus Inheritance In Missouri In general, an inherited property is what you get when someone passes away and leaves you their property. Probate is a stage along the way – it’s the step of proving the will and making sure that the right heir gets the right inherited property. Therefore, if someone leaves you a home and the house is in probate, you might not be able to sell it right away because the will is still being proved and there could be other heirs contesting the will. However, if probate is complete and you fully own the inherited home, then you can likely sell without waiting. There Is A Holding Period In Wildwood (But Not What You Think) There is a holding period with inherited homes but the holding period doesn’t mean you can’t sell. It’s simply a term used to describe how you will be taxed on the property – and it depends on when the deceased passed away. However, in most cases, this won’t prevent you from selling the property but you should talk to an accountant to see if the holding period will impact how much tax you pay. There May Be Other Factors In Wildwood, Missouri While it isn’t likely going to be a holding period on the inherited property itself that will prevent you from selling it, you should be aware that there could be other holding periods that will make it more challenging to sell – such as if the home still has a mortgage or some other obligation. But in many cases, these can be sorted out and, in the long-term, shouldn’t keep you from selling. So, if you inherited a house and are now thinking about selling it, and if you’re wondering, “Is There A Holding Period Before Selling My Inherited Home In Wildwood, MO?” then here’s the good news: You probably don’t have to wait to sell and you can get that process going right away. However, be aware that there could be other factors that may delay the sale, or that could impact the tax you’ll have to pay when you sell. Sell My House In Wildwood, MO Here’s a fast solution for you: If you want to sell your house in St. Louis as quickly as possible, give us a call! We are legitimate Missouri home buyers and we’ll give you a fair, fast all-cash offer right away to purchase your inherited property as-is. Selling your inherited property in Wildwood, MO? Just call us today at (314) 334-1481 or contact us now for more information on how we can make you a fair cash offer today! FAQs Frequently Asked Questions How long does probate usually take in Missouri? + A supervised estate commonly runs six months to a year, and independent administration can move faster. Small estates under the statutory limit may qualify for a simplified affidavit process instead. Can the house be sold before probate closes? + Often yes. Once the court issues letters testamentary the personal representative can sell, though some estates require the court to approve the contract before closing. Does selling within a year of inheriting create extra tax? + No. Inherited property is treated as a long-term holding regardless of how briefly you owned it, and the stepped-up basis usually leaves very little gain to tax.
