<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Real Time Homebuyers Metro Detroit]]></title><description><![CDATA[Real Time Homebuyers]]></description><link>https://www.realhomebuyersnow.com/blog</link><generator>RSS for Node</generator><lastBuildDate>Fri, 05 Jun 2026 03:18:22 GMT</lastBuildDate><atom:link href="https://www.realhomebuyersnow.com/blog-feed.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[The 6 Worst Assets to Inherit (And What to Do With Them)]]></title><description><![CDATA[Inheriting anything can feel like a blessing — but not all inherited assets are created equal. Some come with hidden costs, tax headaches, and legal nightmares that can turn a gift into a burden fast. Here are the 6 worst assets to inherit and what you can do about them. 1. A House That Needs Major Repairs Inheriting a rundown property sounds great until you realize you're on the hook for a new roof, foundation issues, or outdated electrical. Repair costs can eat up your entire profit margin...]]></description><link>https://www.realhomebuyersnow.com/post/the-6-worst-assets-to-inherit-and-what-to-do-with-them</link><guid isPermaLink="false">6a04fb4948aeb3fcb24386b7</guid><pubDate>Wed, 03 Jun 2026 21:29:05 GMT</pubDate><dc:creator>Jacob Joseph </dc:creator></item><item><title><![CDATA[Inherited a Home Worth $300,000 — What's Your Tax Bill?]]></title><description><![CDATA[If you just inherited a property worth around $300,000 you're probably doing the math in your head right now. How much of this am I actually going to keep? Here's the honest answer. Spoiler: Probably a Lot More Than You Think The tax code is actually very favorable to heirs. Here's why. When you inherit a home, your cost basis is stepped up to the fair market value at the time of inheritance. That means if the home is worth $300,000 when you inherit it and you sell it for $300,000 — your...]]></description><link>https://www.realhomebuyersnow.com/post/inherited-a-home-worth-300-000-what-s-your-tax-bill</link><guid isPermaLink="false">6a04fa7d2fe6e98eed484e08</guid><pubDate>Tue, 02 Jun 2026 00:26:04 GMT</pubDate><dc:creator>Jacob Joseph </dc:creator></item><item><title><![CDATA[5 Smart Ways to Lower or Eliminate Capital Gains on an Inherited Property]]></title><description><![CDATA[Inheriting a property comes with a lot of decisions — and taxes are a big one. But here's the thing: with the right strategy, you can significantly reduce or even eliminate what you owe. Here are 5 ways to do it. 1. Sell Before the Home Appreciates The step-up in basis resets your cost basis to the home's value at the time of inheritance. The sooner you sell, the less the home has had time to appreciate — meaning less taxable gain. Timing your sale strategically can save you thousands. 2. Use...]]></description><link>https://www.realhomebuyersnow.com/post/5-smart-ways-to-lower-or-eliminate-capital-gains-on-an-inherited-property</link><guid isPermaLink="false">6a04fa1568a3e7adcb16477c</guid><pubDate>Thu, 28 May 2026 00:24:03 GMT</pubDate><dc:creator>Jacob Joseph </dc:creator></item><item><title><![CDATA[Selling an Inherited House? Here's What You Need to Know About Taxes]]></title><description><![CDATA[So you just inherited a house and you're wondering — am I going to get hit with a big tax bill? You're not alone. This is one of the most common questions we hear from homeowners in Metro Detroit. Let's break it down in plain English. The IRS Actually Has Good News For You Most people assume inheriting a house means a massive tax bill. The reality is the opposite. The IRS has a rule called the step-up in basis that resets your cost basis to whatever the home was worth when you inherited it —...]]></description><link>https://www.realhomebuyersnow.com/post/selling-an-inherited-house-here-s-what-you-need-to-know-about-taxes</link><guid isPermaLink="false">6a04f9ea2fe6e98eed484d0b</guid><pubDate>Tue, 26 May 2026 00:23:06 GMT</pubDate><dc:creator>Jacob Joseph </dc:creator></item><item><title><![CDATA[Do I Have to Pay Capital Gains If I Inherit $300,000?]]></title><description><![CDATA[Inheriting money or property worth $300,000 can feel overwhelming — especially when you're not sure what you owe the IRS. The answer depends on what you inherited. Here's a simple breakdown. If You Inherited Cash If someone left you $300,000 in cash, you generally owe zero capital gains tax. Cash doesn't appreciate, so there's nothing to tax. You may still need to report it, but in most cases you won't owe anything. If You Inherited a House Worth $300,000 This is where it gets a little more...]]></description><link>https://www.realhomebuyersnow.com/post/do-i-have-to-pay-capital-gains-if-i-inherit-300-000</link><guid isPermaLink="false">6a04f8902fe6e98eed484af1</guid><pubDate>Thu, 21 May 2026 00:17:05 GMT</pubDate><dc:creator>Jacob Joseph </dc:creator></item><item><title><![CDATA[How to Avoid Capital Gains on an Inherited House]]></title><description><![CDATA[Inheriting a house is a big deal — but the last thing you want is a surprise tax bill when you go to sell it. The good news is there are several legitimate ways to reduce or completely avoid capital gains taxes on an inherited property. Here's what you need to know. First — Understand the Step-Up in Basis This is the biggest tax break you get as an heir. When you inherit a home, your cost basis is automatically reset to the market value of the home on the date the owner passed away — not what...]]></description><link>https://www.realhomebuyersnow.com/post/how-to-avoid-capital-gains-on-an-inherited-house</link><guid isPermaLink="false">6a04f75de5f825d008b32099</guid><pubDate>Tue, 19 May 2026 00:15:05 GMT</pubDate><dc:creator>Jacob Joseph </dc:creator></item><item><title><![CDATA[What Is the 2 Year Rule for Inherited Property?]]></title><description><![CDATA[If you've inherited a home in Michigan and are trying to figure out your options, you may have heard about the "2 year rule." Here's exactly what it means and how it affects you. What Is the 2 Year Rule? The 2 year rule refers to the IRS primary residence exclusion. It states that if you live in a home as your primary residence for at least 2 out of the last 5 years, you can exclude a large chunk of profit from capital gains taxes when you sell: $250,000 exclusion if you're single $500,000...]]></description><link>https://www.realhomebuyersnow.com/post/what-is-the-2-year-rule-for-inherited-property</link><guid isPermaLink="false">6a039500618ba45174fd8529</guid><pubDate>Tue, 12 May 2026 21:00:57 GMT</pubDate><dc:creator>Jacob Joseph </dc:creator></item><item><title><![CDATA[Do You Have to Pay Taxes When You Sell an Inherited House?]]></title><description><![CDATA[If you recently inherited a house and are thinking about selling it, one of the first questions that comes to mind is: will I owe taxes on this? The short answer is — it depends, but in most cases, you'll pay far less than you'd expect. Here's a simple breakdown. The Good News: The Step-Up in Basis When you inherit a home, the IRS gives you something called a step-up in basis. This means your cost basis on the home is reset to the market value of the home on the date the original owner passed...]]></description><link>https://www.realhomebuyersnow.com/post/do-you-have-to-pay-taxes-when-you-sell-an-inherited-house</link><guid isPermaLink="false">6a0394082fe6e98eed459f68</guid><pubDate>Tue, 12 May 2026 20:56:46 GMT</pubDate><dc:creator>Jacob Joseph </dc:creator></item></channel></rss>