Selling an Inherited Property in South Carolina: Complete Guide

Inheriting a property in South Carolina can feel overwhelming, especially when you're already dealing with the loss of a loved one. If you've inherited a house you don't want to keep — maybe it's out of state, needs major repairs, or you simply need the cash — this guide walks you through your options.

Understanding Probate in South Carolina

Before you can sell an inherited property, the estate typically needs to go through probate. In SC, this process establishes who has legal authority to sell the property. Key points:

• If there's a will: The named executor can petition the probate court to be appointed as Personal Representative
• If there's no will: The court appoints an administrator, usually a spouse or adult child
• Small estates under $25,000 may qualify for simplified probate procedures
• Timeline: Probate in SC typically takes 8-12 months, but the property can often be sold during this period with court approval

Tax Implications

Good news for SC heirs: you receive a "stepped-up basis" on inherited property. This means the property's tax basis is reset to its fair market value at the date of death, not what the deceased originally paid.

For example, if your parents bought a house for $50,000 and it's worth $200,000 when you inherit it, your basis is $200,000. If you sell for $200,000, you owe zero capital gains tax.

South Carolina does not have a state estate tax, and the federal estate tax only applies to estates over $13.61 million (2024).

Your Options for Selling

Option 1: Sell As-Is to a Cash Buyer (Fastest)

This is the most popular choice for inherited properties because:

• No need to clean out or repair the property
• Close in as little as 7-30 days
• No agent commissions or closing costs
• We handle properties with multiple heirs, out-of-state owners, and title issues

At Campos Property Solutions, we specialize in buying inherited homes in Columbia, Sumter, Camden, and across South Carolina. We've helped dozens of families navigate this exact situation.

Option 2: List with a Real Estate Agent

If the property is in good condition and you're not in a rush, listing on the market might net a higher price. But factor in: agent commissions (5-6%), repairs, cleaning, staging, months of showings, and the risk of deals falling through.

Option 3: Rent It Out

If the property is in a good location and decent condition, renting can provide ongoing income. But being a landlord — especially from out of state — comes with responsibilities, costs, and headaches many heirs don't want.

Common Challenges with Inherited Properties

• Multiple heirs who disagree — all parties on the deed must agree to sell
• Title issues — missing deeds, unclear ownership, or liens
• Property condition — older homes may have deferred maintenance, mold, or structural issues
• Emotional attachment — it's hard to let go of a family home, even when keeping it doesn't make sense

Next Steps

If you've inherited a property in South Carolina and want to explore selling it quickly for cash, call Campos Property Solutions at 803-307-4860. We'll walk you through the process, explain your options, and make a fair offer — no pressure, no obligation.