Guide to Selling Property
Contemplating a move?
If you’re contemplating a move, the best starting point is to get an idea of the market value. We are always happy to visit, at a time to suit and give you our professional opinion on price, the current market, presentation, and marketing strategy.
There is no charge or obligation whatsoever, and any discussions we have are in complete confidence.
Guide to Buying
Selling a property that’s part of a probate estate
To sell a property that’s part of a probate estate, the first step is to secure a ‘Grant of Probate.’ This document legally verifies the Will and grants the named executor the authority to manage and sell the property.
It’s important to be aware that obtaining the Grant of Probate can take upwards of 12 weeks, which should be considered when planning your sale.
One of the requirements for applying for the Grant of Probate is getting a valuation of the deceased’s property. This valuation must reflect the property’s worth at the time of the owner’s passing, rather than its current market value.
We can assist by researching and comparing sale prices of similar properties in the area from that period, which will allow us to create an accurate valuation report. This information will also be useful in communicating the property’s true value to any beneficiaries.
Additionally, it’s a good idea to verify the property’s title with the Land Registry at this stage. Your solicitor can help identify any potential restrictions or issues that could impact the sale.
Once these legalities are in order, selling a probate property can be more straightforward than you might think.
Many buyers find probate properties attractive because they are often chain-free, offering more flexible timelines. Additionally, developers frequently see them as prime candidates for renovation projects.
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