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Selling Property In Probate

If you're lucky enough to be the beneficiary of probate property, choosing what to do can be a difficult decision. On the one hand, you may want to hold onto the property for sentimental reasons, but on the other, you may wish to sell the property quickly and move on with your life, or quickly settle financial obligation.

Beneficiaries should be aware that a probate property sale is a little more involved than when selling a property without the circumstances of a deceased party. From when you're permitted to sell the home to the appropriate documentation that must be completed, and even sale price, a probate property sales process does require a more comprehensive approach.

Springbok Properties has a wealth of experience selling probate property across the UK completely hassle-free and in many cases in as little as 7 days. Our award-winning customer service team are as diligent as they are empathetic to your situation, completing your probate property sale with no upfront costs in a sensitive manner.

For an honest and transparent property valuation for probate purposes, or if you want to list your home with a property business that has sold more than 1800 homes across the UK in under 10 days, call Springbok Properties TODAY on: 0800 068 4015.


When Can I Sell My Probate Property?

Statistics have shown that probate property listings account for 10% of the UK property market at any one time. Demand for probate property has increased in recent years, mainly due to the reasonable asking prices, and the opportunities for buyers to renovate the home to meet their needs and personal tastes.

However, homeowners should be aware thatprobate property can only be sold if certain legal conditions are met. For instance, selling a property in probate can only be completed if your name is already on the deed to the house. If you don't own the deed to the house, probate property sales can only be completed once a Grant of Probate has been issued.


Grant of Probate Documentation

To apply for a Grant of Probate, you will need to provide your solicitor with documentation. This allows your solicitor to calculate the total amount of the deceased party's estate. Any missing information must be requested by your solicitor to different institutions. Grant of Probate documentation includes:

  •   •  A copy of the original last will and testament
  •   •  Death certificate
  •   •  National Insurance number of the deceased
  •   •  ID (either UK passport or driving licence)
  •   •  Financial information (including savings, pensions and any outstanding debts)
  •   •  Property deeds
  •   •  Funeral information

Once all the information has been obtained, your solicitor will then apply for the Grant of Probate on your behalf. This can take between 6-12 weeks, depending on whether inheritance tax is relevant to the estate. However, in urgent situations probate property grants can be issued in as little as 2 weeks.

To find out if you're eligible for a probate property grant, or to get a property valuation for probate, call Springbok Properties TODAY on: 0800 068 7935.


The Costs of Selling Property in Probate

A probate property sale is no more expensive than the cost of selling a home that isn't in probate. Executors charged with carrying out the last will and testament are additionally under no obligation to use the same solicitor for the sale of the home as they used to manage probate. However, as with selling any property, there are cost considerations to be factored in when selling probate property.

Obtaining a property valuation for probate is the responsibility of the executor. An honest property valuation, one that accurately represents selling intentions and the current state of the local property market, is the best way to attract potential buyers. Not only this but, accurately valuing property for probate is paramount to understanding the correct inheritance tax code in instances where inheritance tax is applicable to the probate property sale.

Providing more than 1900 FREE property valuations each month, Springbok Properties can accurately value probate property. We have a wealth of experience providing detailed probate property valuations. Call us TODAY on: 0800 068 4015 to find out your probate valuation house price.


Should I Choose to Renovate My Probate Property?

It is not uncommon for probate property to have belonged to a single homeowner for years, or even decades. Whereas the home might be structurally sound and pleasantly decorated, it may be in-need of updating.

This may mean that the property is in need to renovations to make it more marketable to potential buyers. Before listing, or even getting a probate valuation of property to get the most attractive probate property valuation for vendors and potential buyers, it's wise to undertake surface or extensive renovations. This will maximise the value of the property and attract a greater number of potential buyers. However, if you choose not to renovate the probate property, any listing price should reflect the extend of any renovations needed.

Springbok Properties has enjoyed significant success selling probate property across the UK. Taking a proactive and innovative selling approach, we sell 77% of our listed properties in less than 2 months. Should you wish to sell your probate property quickly, completely hassle-free at no upfront costs, call us TODAY on: 0800 068 7935.