I inherited my parents’ house in Minneapolis. What do I do first?
First, breathe — nothing has to happen this week. Before any sale, three things usually need sorting: the probate status, the title, and whether other heirs share the decision. In Minnesota, most inherited homes pass through probate unless there's a trust, and that affects when you can sell. Tax-wise, inherited property usually gets a stepped-up basis, which often means less capital gains than people fear — confirm the specifics with a tax pro. Then there's the house itself, full of a lifetime. The memories move with you; the building is just the building. When you're ready, I'll walk the place with you and lay out the options, no rush.
I wrote this answer, and I stand behind it. I'm Chris Deutsch, a Minneapolis Realtor (MN #20382264). Twenty-five years of walking these neighborhoods, checking basements, and sitting across kitchen tables from people making exactly this call. I re-check every answer and date it — this one was last verified .
If your situation is more specific than the market, that's the one worth talking through. Email me at chris@lakesarearealty.com.