Inherited a Property in Maryland? Here’s What to Do Next

Inheriting a Home Isn’t Always Simple 

If you’ve inherited a property in Maryland, you’re not alone. Thousands of families each year find themselves in the same position—grieving the loss of a loved one while also trying to navigate probate, taxes, and tough decisions. 

Whether the property is a blessing, a burden, or a bit of both, this guide walks you through exactly what to do next. 

Step 1: Determine If Probate Is Required 

Most inherited properties in Maryland go through a process called probate, where the court validates the deceased person’s will (if there is one) and authorizes the distribution of assets. 

Probate isn’t required if: 

• The home was held in a living trust 

• You were listed as a joint tenant with right of survivorship 

• The property was titled as Tenants by the Entirety (typically between spouses) 

Otherwise, the estate will likely need to go through Maryland probate. You can check this by contacting the Register of Wills in the county where the property is located. We strongly recommend you consult an attorney for up-to-date legal counsel. You know what they say about those who “assume”... 

Step 2: Understand Your Ownership Status 

If the will names you as the beneficiary, the property will eventually be transferred into your name. If there is no will, Maryland’s intestate succession laws will determine who inherits the home. 

Things to confirm: 

• Are you the sole heir, or do you co-own it with siblings or others? 

• Are there any outstanding mortgages or liens on the property? 

• Has the home been officially transferred into your name yet? 

Step 3: Secure the Property Immediately 

Even before probate is finalized, you should take steps to protect the home: 

• Change the locks 

• Forward the mail 

• Keep utilities active (to prevent issues) 

• Notify insurance providers 

• Check for any signs of damage or neglect 

Unattended homes can be magnets for vandalism, break-ins, or water damage—especially in winter months. 

Step 4: Decide What to Do With the Property 

This is often the hardest part. You typically have three choices: 

1. Keep It (Live In It) 

Great if it fits your lifestyle or you want to honor a loved one’s memory. Just be sure to account for: 

• Mortgage and/or tax payments 

• Repairs or updates needed 

• Insurance and upkeep 

2. Rent It Out 

This can generate income, but also comes with landlord responsibilities, including maintenance, tenant screening, and possible licensing depending on the county. 

3. Sell It 

Selling may be the most practical route—especially if you don’t want to deal with repairs, renters, or co-owners. 

• You can list it traditionally (especially if it’s in good shape) 

• Or sell it as-is for cash if it needs work or you want to avoid delays 

Salvato & Co. Real Estate can walk you through both options, so you know exactly what you stand to net in each scenario. 

Step 5: Understand the Tax Implications 

Maryland doesn’t impose an inheritance tax if the property passes to a spouse, child, parent, grandparent, or sibling. However, there may be: 

• Capital gains tax if the home is later sold for more than its stepped-up value 

• Estate tax if the estate’s total value exceeds the exemption limit (currently $5 million in Maryland) 

Always consult an estate attorney before selling. 

Step 6: Communicate with Co-Heirs (If Applicable) 

If you inherited the property jointly with others, decisions must be made together.

Options include: 

• Buying out their share 

• Agreeing to rent or sell and split proceeds 

• Filing a partition action if there's no agreement (as a last resort) 

Good communication and mediation can help avoid long, expensive legal battles. 

Step 7: Explore Your Options with a Local Expert 

Selling an inherited home doesn’t have to be stressful. At Salvato & Co. Real Estate, we work with families all over Maryland to: 

• Help you understand the property’s current market value 

• Compare listing vs. cash sale outcomes 

• Handle repairs, clean-outs, and paperwork 

• Connect you with estate attorneys and local resources 

Schedule a no-pressure consultation or request a cash offer to see your options.