Inherited Property
If you inherited land in Texas, you probably have two questions. Can I even sell it yet, and is it worth the trouble. Most people we talk to are somewhere in the middle of that, holding a tax statement for property they have never walked, in a county they may not live in anymore.
We buy inherited land across East Texas and beyond. We are a family, not a call center, and we have been buying property here since 1993. Below is a plain explanation of how these sales actually work in Texas, whether you sell to us or to anyone else.
People assume the whole estate has to close before the land can move. Often it does not. What matters is whether a title company can confirm who owns the property and insure the sale. In Texas that usually happens one of these ways.
One deadline worth knowing: in Texas a will generally must be filed for probate within four years of the date of death. Miss it and the estate is usually treated as if there was no will, which makes the paperwork harder. If you are close to that mark, talk to a probate attorney soon.
A note on the small estate affidavit, since people find it online and get their hopes up. It is limited, and it generally cannot be used to transfer real property other than a homestead. For raw land it is usually not the answer.
This is the most common version we see. Land passes to three siblings, or to a set of cousins nobody has spoken to in years. Under Texas intestate rules the split depends on whether the property was separate or community property and who survived the owner, which is why two families in the same situation can end up with very different ownership charts.
What it means in practice is simple. Everyone with an interest signs the deed. They do not have to sign at the same time or in the same place. The title company sends documents out, and heirs can sign in their own town with a local notary. We have closed sales where the heirs live in four different states and never met in person.
If one heir does not want to sell, you still have choices. Heirs can buy each other out, or a court partition can force a split or a sale, though that is slow and expensive and usually the last resort. We are happy to talk it through even if the answer is that now is not the time.
Inherited land is easy to put off, and the cost is quiet. Property taxes keep coming, and they often go up after a death, because exemptions belong to the person, not to the land. When a homestead, over 65, or disability exemption drops off, the taxable value can jump and the bill grows every year the land sits.
Meanwhile the road grows over, fences fall, and nobody is checking on it. If taxes have already gone unpaid, that is not a problem for a sale. Back taxes and liens are paid out of the proceeds at closing, so you are not writing a check.
Texas has no state inheritance tax and no state estate tax. For federal capital gains, inherited property generally gets a stepped up basis, meaning your basis is the value on the date of death rather than what the original owner paid. Sell reasonably soon after and the taxable gain is often small or nothing at all. This is general information, not tax advice, so run your own numbers with a CPA before you close.
Listing raw land with an agent can work, and sometimes it is the right call, especially on a desirable tract. Just know what it involves. Rural land often sits on the market for months, you pay a commission at the end, buyers frequently need financing that falls through, and many will ask for a survey or a cleanup first. If the heirs are spread out and just want it resolved, that is a long stretch of coordination.
Selling direct to us is the other end of it. We buy as is, with our own funds. No agents, no commissions, no repairs, no cleanup. We pay all closing costs. You get one honest number and you are free to say no.
No pressure and no expiring offers. Take the number to your family and compare it to anything else you are considering.
Cole, Greg, Lori, Hannah, and Ryder 🐾
You Deal Directly With Us
Cohan Properties is owned and run by a local East Texas family. We bought our first property in 1993 and formed Cohan Properties LLC in 2004. We are not agents, and we are not a faceless national company.
If the property came to you from someone you loved, we will treat it with care and keep the process simple. Every offer and every decision comes from us, and we stand behind it.
Common Questions
Sometimes. If the property passed by an affidavit of heirship, a muniment of title, or a transfer on death deed, a sale can often move forward without full probate. The title company decides what it will insure. We are glad to start while that is being sorted out.
That is normal and we deal with it often. Every heir with an interest signs the deed. Heirs can sign separately and in different states, so nobody has to travel or be in the same room. If one heir will not sell, we can still talk through the options.
Texas has no state inheritance tax or estate tax. For federal capital gains, inherited property usually gets a stepped up basis to its value on the date of death, so a sale soon after often produces little or no gain. Confirm your own situation with a CPA.
Exemptions belong to the person, not the land. When a homestead, over 65, or disability exemption ends, the taxable value can jump and the bill grows every year the land sits. Any unpaid taxes are simply paid out of the sale at closing.
No. We buy as is and we cover closing costs and survey fees. Do not spend a dollar getting the property ready for us.
A county and a rough acreage is enough to start. The Property ID from your tax statement or from our letter helps. You do not need finished paperwork before you call.
This page is general information about how these sales usually work in Texas, not legal or tax advice. For your own situation, talk with a probate attorney or a CPA. Here is how to check that we are real
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Inherited property
Whether the paperwork is finished or you are still figuring out where to start, reach out. We will tell you what we see in the county records and make a fair cash offer. No pressure and no obligation.
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