If you have recently inherited a house in Memphis, Tennessee, then you are probably wondering: “What’s the best way to sell an inherited house in Memphis or near me?” Dealing with an inherited home can be stressful; there is legal and emotional involvement, and frequently emotional memories, and often a house that needs repairs or cleaning. That’s where Spencer Buys Houses comes in.
Having been a Memphis company purchasing inherited houses for decades, Spencer earned a reputation for being the local expert buyer who will make the process hassle-free, fair, and straightforward.
A Real Story: Colonial Acres Inherited Home
More recently, Spencer received a referral from a client’s neighbor in Colonial Acres. The homeowner had just inherited a house and wasn’t sure what to do. Even though she was still in the middle of moving her belongings, Spencer met her that very afternoon.
- He gave her the time to decide about the offer.
- He detailed each step of the process without any pressure.
- He made a cash offer with a quick closing timeline and the option to leave unwanted belongings behind.
The seller appreciated Spencer’s patience, honesty, and flexibility. Instead of pushing her into a rushed decision, he walked with her through the process until she was ready.
Another Memphis Story: Lois from East Memphis
Lois inherited her mother’s home in East Memphis. The house was full of memories, family items, and, unfortunately, a lot of clutter. Unsure whether to list the home or sell directly, Lois was referred to Spencer Buys Houses by a realtor.
Spencer and his team met Lois face-to-face on her front porch, brought marketing materials showing their experience buying hundreds of homes in Memphis, and explained her options. Selling through an agent would have meant costly repairs, fees, and months of uncertainty. Instead, Spencer’s offer included:
- As-is purchase – no repairs required
- No closing costs or fees
- Flexible timeline so Lois could take her time deciding
- Simple process with the ability to hand over the keys and walk away
Lois chose Spencer’s offer, describing it later in her Google review as “a fair offer with a quick, hassle-free closing.”
Why People Choose Spencer Buys Houses
When selling an inherited house in Memphis, Tennessee, you want someone who understands not just real estate — but also probate, title issues, and the emotions that come with an inherited property.
Here’s why sellers prefer Spencer:
- Local Expertise – A lifelong Memphian who has purchased hundreds of homes.
- Probate Knowledge – Experience handling estates, title complications, and even cases with multiple heirs. (One recent closing involved 12 heirs and took 60 days to finalize — Spencer stayed with the family every step of the way.)
- Flexibility – Sellers can use their own attorney, choose their closing date, and even leave behind unwanted belongings.
- Fair Cash Offers – No repairs, fees, or commissions.
- Legal Guidance – Spencer and his attorneys help sellers understand probate, inheritance taxes, and the legal process — and he’s even covered legal fees when needed.
Realtor vs. Spencer Buys Houses: What’s Better for an Inherited Property?
Selling through a real estate agent:
- Requires repairs and cleaning
- Involves commissions and fees
- Uncertain timeline (could take months)
- Stressful showings and inspections
Selling to Spencer Buys Houses:
- Cash offer within 24 hours
- Close in days or on your timeline
- No repairs, no fees, no commissions
- Probate and legal guidance included
- Leave belongings behind — hassle-free
How to Sell My Inherited House Near Me?
If you’re searching for the best way to sell an inherited house in Memphis, Tennessee, the answer is simple: work with a trusted local buyer who has the experience and patience to guide you through the process.
Spencer Buys Houses has helped dozens of Memphis families move forward from inherited homes with less stress, no financial burden, and peace of mind knowing they got a fair deal.
Ready to sell your inherited house? Here’s how to start:
📞 Call Spencer directly at 901-979-9848
🌐 Visit SpencerBuysHouses.com to get your cash offer today.
Spencer can meet you in person at the property, walk you through the process, and make a direct offer — no waiting, no hassle.
“Spencer made me a fair offer, handled everything quickly, and let me walk away without worrying about repairs or cleaning. Highly recommend!” – Lois, East Memphis
If you’ve inherited a house in Memphis, don’t let the stress of probate, repairs, or fees hold you back. Call Spencer Buys Houses today and discover how easy selling can be.
FAQ
- How much tax do you pay if you sell an inherited house?
You usually only pay tax on the profit above the home’s “stepped-up” basis (the fair market value when the owner died). Sell near that value and you may owe little or nothing in federal capital gains. If you sell for more, the extra is taxed at long‑term capital gains rates (0%, 15%, or 20% depending on your income); very high earners may also owe a 3.8% Net Investment Income Tax. Tennessee generally doesn’t tax capital gains. Keep appraisals and receipts, and check with a tax professional for your exact situation.
2. How can I avoid capital gains tax on inherited property in Tennessee?
You can’t always avoid it, but you can minimize it. The stepped‑up basis is the main tool — selling close to the date‑of‑death value keeps gains low. Also, document selling expenses and improvements to reduce taxable gain. 1031 exchanges can defer tax only for investment properties. Talk to a CPA before making a decision.
3. Is it better to keep or sell an inherited property?
It depends. Keep it if rental income and long‑term appreciation fit your goals and you’re prepared for upkeep and tenant work. Sell if you need cash, want to avoid management, or the market will give you a good net return. Account for taxes, insurance, repairs, and whether co‑heirs agree. Run the numbers or get help from an agent and financial advisor.
4. Should I sell an inherited house “as-is” or make repairs before selling in Memphis?
If you need a quick, low-effort sale, selling as‑is to a cash buyer is fast but brings a lower price. If the home is fixable and buyers in the neighborhood pay more for move‑in‑ready homes, targeted repairs (cosmetic fixes, paint, landscaping) can raise your net proceeds. Get an inspection and contractor quotes to compare costs vs. expected price increase, and consult a local Memphis agent.
Spencer Shadrach is the founder of Spencer Buys Houses, a trusted home-buying company based in Memphis, TN. With over a decade of experience in real estate, Spencer is passionate about helping local homeowners sell their properties quickly and stress-free—no agents, no fees, and no repairs needed. Known for his honest approach and fair cash offers, Spencer has earned a reputation as one of the most reliable house buyers in Memphis. When he’s not guiding sellers through smooth closings, you’ll find him giving back to the Memphis community or spending time with his family.