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Inheriting a house in Chattanooga, TN, can be both a gift and a challenge. While it may have sentimental value, dealing with legal steps, maintenance, and financial decisions can feel overwhelming. If you’re unsure what to do next—whether to keep, rent, or sell—understanding your options will help you make the best choice.
At Renew Property Buyers, we help homeowners in Chattanooga, Hixson, East Ridge, Red Bank, Soddy-Daisy, and nearby areas navigate inherited property challenges. Here’s what you need to know.
Step 1: Check the Legal Requirements
Before selling or transferring the home, you need to determine if it must go through probate—a legal process that decides how a deceased person’s property is distributed.
Does the Property Need Probate?
- If the home was in a living trust → Probate may not be needed.
- If there was a will → Probate is usually required to transfer ownership.
- If there was no will → Tennessee state laws decide who inherits the home.
💡 Not sure about probate? A local Chattanooga estate attorney can help you figure out the next steps.
Step 2: Check the Home’s Condition
Once you confirm ownership, take a close look at the home’s condition. Many inherited homes in Chattanooga, Hixson, and East Ridge have:
- Old or outdated features that need upgrades
- Repairs that were put off for years (roof, plumbing, HVAC)
- Ongoing costs like property taxes and maintenance
Ask Yourself These Questions:
✔️ Is the house in good shape, or does it need repairs?
✔️ Can I afford the upkeep and property taxes?
✔️ Do I have time to manage this property?
🔹 If the home needs major work, selling it as-is to Renew Property Buyers can save you time and money.
Step 3: Decide What to Do Next
Now that you understand the home’s condition, you have three main choices:
1. Keep the Property
If the home has sentimental value, you might want to keep it. But be sure to consider:
- Property taxes (Tennessee has annual property taxes)
- Home insurance costs
- Ongoing repairs and maintenance
- HOA fees (if in a neighborhood with a homeowners’ association)
2. Rent It Out
Renting the home can bring in extra income, but being a landlord takes work. You’ll need to:
- Find responsible tenants
- Handle repairs and upkeep
- Understand Tennessee landlord-tenant laws
- Possibly hire a property manager if you don’t want to do it yourself
3. Sell the Property
If keeping or renting isn’t the best option, selling may be the smartest choice. But what’s the best way to sell in Chattanooga’s real estate market?
Traditional Sale vs. Cash Sale
| Selling Option | Pros | Cons |
| Listing with an Agent | Higher potential price | Requires repairs, showings, and agent fees |
| Selling for Cash | Fast, no repairs or fees | May get a slightly lower price |
💰 Selling for cash to Renew Property Buyers lets you close in as little as 7 days—no repairs, showings, or agent fees required!
How Selling for Cash Helped a Chattanooga Homeowner
David inherited a house in Hixson from his aunt. The home needed expensive repairs, and David lived out of state, making it hard to manage. After months of paying property taxes, maintenance costs, and probate fees, he decided to sell.
Instead of waiting months for a traditional sale, David contacted Renew Property Buyers.
✅ He got a cash offer in 24 hours
✅ He didn’t have to do repairs or clean the house
✅ He closed in just two weeks
David was able to move on without stress or extra costs—and you can too!
Why Sell to Renew Property Buyers?
We’re a local, family-owned company that helps homeowners sell inherited and unwanted properties in Chattanooga, Hixson, Red Bank, Soddy-Daisy, and nearby areas.
✔️ Sell as-is—no repairs or cleaning
✔️ No realtor commissions or hidden fees
✔️ We handle all the paperwork
✔️ Close in as little as 7 days
If you’ve inherited a home and don’t know what to do next, we’re here to help!
📞 Call or Text Us: (423) 508-4824
🌐 Visit Our Website: renewpropertybuyers.com
Get a Free, No-Obligation Cash Offer Today!
If you’ve inherited a property in Chattanooga and want an easy way to sell, Renew Property Buyers can help. Get a free, no-pressure cash offer and decide what’s best for you.
👉 Call or text us at (423) 508-4824 or visit renewpropertybuyers.com today!