Dealing with an inherited property is hard enough without the stress of repairs, showings, and months on the market. Mike Knight buys inherited houses as-is for cash, working with estates and heirs at any stage of the process.
We Understand Your Situation
Whether you live next door to the property or across the country, whether probate is complete or just beginning, whether the house is in great shape or needs significant work, Mike Knight has a straightforward path to getting you a fair cash offer and a clean closing.
We work with estates at any stage of the Tennessee probate process. We can make a cash offer now and time the closing to coincide with when the estate is ready to transfer.
You don't need to fly to Chattanooga to sell. Mike handles the process locally and we can close through a reputable title company with remote signing options.
We are experienced with multi-heir situations. A clear cash offer in hand often helps heirs reach agreement faster than waiting on a traditional listing.
Deferred maintenance, outdated systems, full of belongings, it doesn't matter. We buy as-is and handle everything after closing. Take what matters and leave the rest.
If the estate has outstanding debts or liens, selling the property can help satisfy those obligations. We work with the estate's personal representative to navigate the closing properly.
Inherited a property with tenants still inside? We buy tenant-occupied properties and work around existing leases. No evictions required on your end.
The Easy Way Out
I inherited my mother's house in East Ridge and had no idea what to do with it. It needed a lot of work and I live out of state. They gave me a fair cash offer, handled all the paperwork, and we closed quickly. Zero stress. I wish I had called them first.
Simple Process
Share the address, the general condition, and where you are in the probate or estate process. Takes just a few minutes. No obligation.
Mike personally reviews the property using local Chattanooga market data and his construction expertise, then presents a fair no-obligation cash offer. No lowballing.
We work around your schedule and the estate's timeline. Close in as little as a couple of weeks or take the time you need. Cash at closing through a reputable title company.
What You Need to Know
Inheriting a house in Chattanooga can feel overwhelming, especially when you are already dealing with grief and the responsibilities of settling an estate. This guide covers what you need to know about your options and the process, in plain language.
Before anything else, determine how the property was legally titled. If it was held in a living trust, it may transfer outside of probate and you could sell relatively quickly. If it was jointly owned with right of survivorship, the surviving owner inherits automatically. If the property was solely in the deceased's name with no special designation, Tennessee probate is almost certainly required before you can sell.
Always consult a Tennessee probate attorney before making decisions. This is general information, not legal advice.
Probate in Tennessee is the court-supervised process of settling a deceased person's estate, admitting the will, appointing a personal representative, paying debts, and distributing assets to heirs. In Chattanooga, probate matters for Hamilton County are heard by the Hamilton County Chancery Court at 625 Georgia Avenue, Chattanooga, TN 37402.
An uncontested Tennessee probate typically takes 6 to 12 months. More complex estates with disputes or multiple creditors can take longer. Mike Knight can make a cash offer on an inherited property at any stage of probate, and the closing can be timed to match when the estate is ready to transfer the deed.
Vacant inherited homes in Chattanooga cost money every month they sit unsold. Property taxes continue to accrue. Homeowner's insurance becomes harder to maintain on a vacant property (most policies have vacancy clauses). The longer a home sits empty, the greater the risk of vandalism, theft of copper and fixtures, water damage from undetected leaks, and general deterioration. Many heirs don't realize that a property they are not actively maintaining is costing them money and risk every month they delay a decision.
All heirs with an ownership interest must agree to the sale. This is one of the most common sources of delay in inherited property transactions. Having a clear, fair cash offer in hand gives all parties a concrete number to evaluate, which often accelerates agreement. If heirs cannot agree, the matter may need to be resolved through the probate court. A probate attorney can advise on options.
When you inherit a property, you generally receive a stepped-up cost basis equal to the fair market value at the time of the original owner's death. This means that if you sell relatively quickly after inheriting, you may owe little or no capital gains tax on any appreciation that occurred before you inherited the property. However, every situation is unique based on estate value, how long you hold the property, and individual tax circumstances. Always consult a CPA or tax professional. This is not tax advice.
When you factor in the total cost of a traditional listing, agent commissions of 5 to 6%, closing costs of 2 to 3%, potential repair costs to make the home market-ready, ongoing carrying costs during the listing period, and the time and emotional energy of managing showings and negotiations, many heirs find that the net difference between a direct cash sale and a listed sale is much smaller than they expected. And unlike a traditional listing, a cash sale closes with certainty. There are no financing contingencies, no appraisal disputes, and no deals falling through at the last minute.
Why Mike Knight
Inheriting a property is a deeply personal experience. Mike Knight approaches every inherited property situation with the respect and patience it deserves. As a CNN-featured investor with a background as a former roofing and construction company owner and licensed construction project manager who has personally inspected thousands of homes, Mike has the expertise to assess any inherited property accurately and make a fair offer, regardless of its condition.
Free Consultation, No Obligation
Tell Mike about the property. He will give you a fair assessment and honest options.
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Tell Mike about the inherited property. He will respond personally with an honest assessment and a fair offer. No obligation, no pressure, no fees.
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