Ultimate Guide to Selling Probate House
Published by Property Saviour
The UK's No.1 Fast House Sale Company
March 13, 2015 - Read time: 3 minutes
If you are thinking “How can I sell probate house quickly?” we can help!
We buy probate properties nationwide. We understand that selling an inherited house can be a very stressful experience. When probate estate bills are mounting, the last thing you need is expensive estate agent fees. Of course, you’d rather keep legal fees low so that you can get more of the inheritance money rather than your solicitors!
That’s why you should deal with us. We buy properties in days. There are no fees to pay. We make you a fair offer and give a free valuation. We give you extra £500 towards your legal fees plus offer a free house clearance service.
Property Saviour are genuine cash buyers. We will exchange contracts in days and agree a completion date to suit your needs.
For a guaranteed fast house sale, just click on the link below.
How to sell a probate house?
How to sell a probate house? Whether you are an Executor or a Beneficiary who wishes to sell a probate house, we have the experience and expertise to help.
Maybe you want to know if you can sell a probate house with a grant of probate? Or maybe you are a beneficiary who is looking to sell a jointly-owned property where the owner has died? We can help you with any of these queries. Just get in touch!
Can I sell my probate house?
Yes you can. We regularly buy probate properties all across England and Wales.
Can you sell my house whilst it is still in probate?
Yes you can sell your probate house. We can conditionally exchange contracts within a week and once you have obtained grant of probate, we can complete on sale of your probate house.
Can I sell my house before probate?
Yes you can. We are in a position to exchange contracts immediately, giving you peace of mind that the sale is final. You can then apply for a grant of probate in your own time.
Property Saviour have a dedicated probate team with specialist knowledge and expertise in buying probate properties fast. This guide helps answer the most common scenarios. However, we would be delighted to hear from you and point you in the right direction. Get in touch with us by contacting us.
Are you looking to sell probate house in order to cash-in on an inheritance?
Do I need to go to the expense of obtaining a probate?
Unfortunately the answer is YES.
If a loved one has died and there is a surviving spouse or partner, the property will be automatically transferred into their name if they are joint owners on the title deeds. The ‘Inspection on Land’ registry title deeds will identify the owners. In this case, where there is one surviving partner, the property can be sold without the Grant of Probate. We will buy your inherited property, allowing you to move on. Just fill in our enquiry form to receive your free cash offer.
If the property was owned by the last surviving spouse or the sole possessor who has passed away, then you will need to apply for a grant of probate.
We can begin to help you whilst you are awaiting the Grant of Probate. Once we have agreed to buy your property we will also offer you a free house clearance service. The typical cost of a house clearance service can vary from around £500 to £750, but we will do this for free. One we have agreed to buy your inherited property, we will ask you to remove any personal items. Once you have confirmed in writing that you have done this we will then instruct a trusted house clearance firm to clear the property, at our own cost.
The chances are that your property has already been empty and unoccupied for 30 or more consecutive days. As a result, your property is no longer insured unless you have taken out a specific vacant property insurance. The last thing you need is burst pipes or perhaps even opportunistic thieves targeting your property.
Once we have agreed a sale, we will insure the property at our own cost. To start the process, simply fill in the enquiry form for your free, no obligation offer.
Perhaps you need help with appointing a probate solicitor? We can recommend a few good solicitors for you.
Sale of probate house by one surviving joint owner
Property can be sold depending on the ownership status of the joint owner:
- Tenant in Common
- Joint tenant
Tenants in Common
If the property title contains a ‘restriction’ below the names of the owners in this format “No disposition by a sole proprietor of the registered estate, except a trust corporation under which capital money arises is to be registered unless authorised by an order of the court” then the property is held as tenants in common or pursuant to a trust. In this case, you will need to appoint a second trustee. This trustee will place monies into a trust once property has been sold. Monies will be issued to beneficiaries upon Grant of Probate being issued.
If there is no restriction then the property is held as “joint tenants” and so the title automatically passes to the co-owner without the need for a probate. Get in touch with us to sell your property fast.
Death last surviving Joint Owner or Sole Owner
If the property is held in joint names and both owners have died then Probate or Letters of Administration are needed to sell house. This also applies if the sole named owner is deceased.
How is Grant of Probate different from Letters of Administration?
Probate gives authority to execute the Will of the deceased, and the Executor named in the Will obtains the Grant of Probate.
If the deceased did not leave a Will then Government rules apply as to who benefits from the estate. This is not a straightforward process. An Administrator is appointed to deal with this, usually one of the beneficiaries.
In both cases, the Letters of Administration or Grant of Probate gives the Executor or the Administrator the power to legally deal with the estate and to sell the deceased’s property. The Executor will appoint a solicitor to deal with the sale of the property and will distribute money to all the beneficiaries following the sale of the property.
Are you an Executor of a deceased estate? Are you looking to sell an inherited property to settle the estate? Even if you are looking to sell a probate house in poor condition, we can help. Start by filling out our enquiry form. You can also benefit from our other Probate Services including a free house clearance and up to £500 towards your legal fees.
We understand that selling an inherited property can be a very stressful experience. While the property is empty you will still be liable for bills. Standard charges on utility bills are unavoidable and must be paid on time. Your local council will also continue to charge you for the council tax. For an empty property this can be from 100% to 200% of the property’s usual rate. Your property may also no longer be fully insured under the terms of your insurance. To fully insure your property will usually cost from around £750 to £1,500 per year, depending on the locality, the condition of the property and the security installed.
The last thing you need is more worry about rising bills and your inheritance diminishing day-by-day. When estate agents find out that they are dealing with a probate case they will be in no rush to sell the property.
Selling your probate house with us could not be easier!
We understand these challenges. Having helped hundreds of vendors, we are specialists in buying your inherited property fast and giving you a fair offer. We will clear your property free of charge and offer to pay for your empty house insurance, at our own cost. We will exchange contracts quickly, so that you do not need to worry about rising bills, and can help you settle your probate estate, reducing your bills even further. Overall, we will put more money in your pocket faster than anybody else.
To experience our 1st class service, give us a call today on 0113 320 6700 or fill in our enquiry form. It only takes 60 seconds to complete.