A probate property sale is like selling a house with one hand tied behind your back. It’s the process of flogging a property that belonged to someone who’s shuffled off this mortal coil, and it’s about as straightforward as a politician’s promise.
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What is a Probate Property Sale?
Probate property is any asset left behind by the dearly departed that needs to go through the legal wringer before it can be passed on or sold. This includes houses, flats, and even that dodgy garden shed Uncle Bob was so proud of.Is property included in probate? You bet your bottom dollar it is. Unless it was jointly owned or held in a trust, any bricks and mortar the deceased called their own will need to go through probate.
The Probate Process
Before you can even think about putting up a ‘For Sale’ sign, you need to get your ducks in a row. Here’s what you’re in for:
- Apply for probate (it’s like getting a license to deal with the deceased’s affairs)
- Value the property (and everything else they owned)
- Pay any inheritance tax due (the taxman always gets his share)
- Get the grant of probate (your golden ticket to sell)
Only then can you start thinking about selling an inherited house.
The Selling Process
Once you’ve got the green light, selling a probate property is similar to a normal sale, but with a few extra hoops to jump through:
• You’ll need to prove you have the right to sell (that’s where the grant of probate comes in handy)
• Buyers might be a bit more cautious (probate sales have a reputation for being slow)
• You might need to deal with multiple beneficiaries (imagine trying to get your whole family to agree on anything).
Here’s a quick comparison:
| Normal Sale | Probate Sale |
|---|---|
| Can sell anytime | Must wait for grant of probate |
| One owner to deal with | Potentially multiple beneficiaries |
| Standard conveyancing | Additional legal requirements |
What is Considered Probate Property?
Anything solely owned by the deceased is up for grabs. This includes:
• Houses and flats
• Land
• Vehicles
• Shares and investments
• Personal possessions (yes, even that hideous vase Aunt Mildred loved)
Basically, if it’s not jointly owned or in a trust, it’s probably going through probate.
How long does a probate property sale take?
It’s like asking how long a piece of string is. The probate process itself can take 6-12 months, and then you’ve got the normal property sale timeline on top of that. Pack a lunch, you might be here a while.
Can I sell a house before probate is granted?
You can market it, but you can’t exchange contracts or complete the sale until you’ve got that all-important grant of probate. It’s like trying to drive a car without the keys – you can sit in it, but you’re not going anywhere.
Is it better to sell a house before or after probate?
After, every time. Selling before probate is like trying to sell a car you don’t officially own yet. It’s possible, but it’s more hassle than it’s worth.
Inherited Property? Turn That Headache into Cash with Property Saviour
Got a Grant of Probate and an inherited property you’d rather not deal with? Property Saviour is your fast track to freedom. We’ll buy that inherited house off your hands quicker than you can say “probate”, and we’ll take it as-is. No need to clear out Grandma’s china collection or fix that leaky roof.
With Property Saviour, you can wave goodbye to estate agents, endless viewings, and tyre-kickers. We’ll make you a fair cash offer and complete the sale in as little as 10 days after you’ve got your Grant of Probate. No fuss, no muss, just cold, hard cash in your pocket. So why let that inherited property become a millstone around your neck? Give Property Saviour a bell today and turn that probate property into profit.
Property Saviour Price Promise
- The price we’ll offer is the price that you will receive with no hidden deductions.
- Be careful with ‘cash buyers’ who require a valuation needed for a mortgage or bridging loan.
- These valuations or surveys result in delays and price reductions later on.
- We are cash buyers. There are no surveys.
- We always provide proof of funds with every formal offer issued.
We'll Pay £1,500 Towards Your Legal Fees
- No long exclusivity agreement to sign because we are the buyers.
- You are welcome to use your own solicitor.
- If you don’t have one, we can ask our solicitors for recommendations.
- We share our solicitor’s details and issue a Memorandum of Sale.
Sell With Certainty & Speed
- Our approach is transparent and ethical, which is why sellers trust us.
- 100% Discretion guaranteed.
- If you have another buyer, you can put us in a contracts race to see who completes first.
- Complete in 10 days or at a timescale that works for you. You are in control.
