Have you been left a house that you need to sell quickly? At Home House Buyers, we have the perfect solution to helping you get a sell your probate property fast.
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Inheriting a property can be a complex and emotional experience. Not only are you dealing with the loss of a loved one, but you’re also faced with the task of deciding what to do with the property you’ve inherited. One of the options you may consider is selling the inherited property
Before you can sell an inherited home, you will need to go through the probate process. Probate is the legal process of dealing with the estate of someone who has died, which includes their property, money, and possessions. The executor of the will or the administrator of the estate will typically apply for a Grant of Probate from the Probate Registry.
If the deceased left a will, the executor named in the will applies for a Grant of Probate. If there is no will, the next of kin applies for a Grant of Letters of Administration. Either of these documents provides legal recognition to the right person to deal with the deceased’s assets.
This involves a number of steps, including:
- Gathering information about the deceased person’s assets and liabilities.
- Appointing an executor or administrator to manage the estate.
- Obtaining a grant of probate, which is a legal document that confirms the executor’s authority to administer the estate.
- Paying any debts or taxes that are owed by the estate.
- Distributing the remaining assets of the estate to the beneficiaries in accordance with the deceased person’s will or the laws of intestacy.
The probate process can take several months to complete and may require the assistance of a lawyer or other legal professionals.
If you are selling a house that was part of a probate estate, there are a few things you should keep in mind. The first is that the probate process can be complex and time-consuming, so it’s important to work with an experienced real estate agent who can help guide you through the process. Home House Buyers are available to help guide you through the process to help you achieve a quick cash sale once the process is complete. While probate is being completed, we can start the sale process and have everything in place ready for when probate is granted.
This is different to the open market as usually, if you were going to sell the probate property on the open market you would have to make sure that the property would be totally cleared but if you are going sell he property to us we will buy the property as is and clear the property for you.
We look to accurately price the property by researching comparable sales in the area and taking into account any unique features of the property. One we agree a price with you, we work swiftly to complete the sale at a time scale that suits you and transfer the proceeds into a nominated back of your choice. We cover all fees in the sale of the house including our specialist legal team that help this go smoothly.
We Buy Inherited Houses Fast – 100% Fees Paid
Having dealt with a large number of probate estate cases throughout the years, we can help guide you through all of the challenges and pitfalls that may arise such as the following:
- The estate may have significant debts or other liabilities that must be paid before the property can be sold.
- The property may require significant repairs or renovations before it is ready to be sold.
- The property may be difficult to value accurately, which can make it challenging to determine a fair asking price.
- The property may be subject to legal restrictions or other encumbrances that make it difficult to sell.
- The beneficiaries of the estate may have conflicting interests or opinions about the sale of the property, which can make the process more complicated.
Overall, selling an inherited property (probate) house can be a complex process, but with the right preparation and guidance from our experienced team, it can be done successfully allowing you to move forward.
Call us on 0800 612 1366 to book a free no obligation appointment with our probate specialist today to discuss your situation.
Overall, selling a probate house can be a complex process, but with the right preparation and guidance from our experienced team, it can be done successfully allowing you to move forward.
Call to book a free no obligation appointment with our probate specialist today to discuss your situation.
Some of the questions we are asked
What is the general process of selling a house after someone’s death and what role does probate play in it?
When it comes to selling a house after someone passes away, the general process typically involves obtaining probate before proceeding with the sale. Probate needs to be granted by the court to the executor of the deceased person’s will, giving them the authority to handle the estate and sell any property.
Under what circumstances can a house be sold before probate is granted?
Under certain circumstances, it is possible to sell a house before probate is granted. One such circumstance is when the property is jointly owned, and the deceased person’s share automatically passes to the surviving owner. In this case, the surviving owner can sell the house without the need for probate.
How does the existence of a trust affect the ability to sell a house before probate?
Where a house can be sold before probate is if the deceased person had a trust in place. Trusts are legal arrangements that allow assets to be held and managed for the benefit of beneficiaries. If the property was held in a trust, the trustee appointed by the deceased person can sell the house without the need for probate.
What are the legal requirements and steps that need to be followed to sell a house before probate is granted?
To sell a house before probate, there are some legal requirements and steps that need to be followed. First, the executor or trustee needs to establish their authority to sell the property. This may involve providing the necessary documentation to prove their appointment, such as the will, death certificate, and any relevant trust documents.
Why is it important to seek professional advice when attempting to sell a house before probate, and what kind of assistance can they provide?
It is important to obtain professional advice from a solicitor or a probate specialist who can guide you through the process and ensure compliance with the legal requirements. They can assist with preparing the necessary paperwork, such as the contract of sale and the relevant property transfer documents.
What challenges or complications can arise when selling a house before probate and how can they be effectively addressed?
Challenges or complications may arise when selling a house before probate, especially if there are disputes among beneficiaries or complex legal issues surrounding the estate. It is essential to address any potential challenges early on and seek professional advice to resolve them effectively.
Your 5 step checklist to start the process of selling your probate property fast
- Request a no-obligation cash offer for your inherited property from one of our friendly property experts.
- On acceptance of the offer; you’ll need to have to hand the outstanding balance on any mortgages or secured loans
- Have a time scale that suits you for us to work towards
- In regards to solicitors there is no need to stress, we can organise a solicitor to act on your behalf
- Once probate has been granted, the legal work has been finalised and the survey carried out the money will be ready to be sent to your account
Home House Buyers can purchase your inherited property quickly because we have cash funds readily available. For piece of mind, we send you evidence of this so that you are reassured you are working with a trustworthy and established company. We don’t rely on a mortgage to complete the purchase of your probate property.
How Quickly Can I Sell My Inherited House for Cash in the UK?
With a cash buyer, you can often complete the sale in as little as 7-14 days. This is much faster than the traditional property market.
What are the Benefits of Selling an Inherited House Fast to a Cash Buyer?
The benefits include a quick sale, no need for renovations or repairs, no estate agent fees, and certainty of sale.
Do I Need to Pay Inheritance Tax When Selling an Inherited House Fast to a Cash Buyer?
In the UK, inheritance tax may be due on an inherited property. However, selling to a cash buyer doesn't change your tax obligations.
Can I Avoid Probate by Selling an Inherited House Fast to a Cash Buyer?
Selling a house does not avoid probate. However, a cash buyer can wait until probate is granted, making the process easier for you.
What Happens to the Mortgage When I Sell an Inherited House Fast to a Cash Buyer?
Any existing mortgage on the property will need to be paid off at the time of sale. A cash buyer can often help facilitate this.
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So if the open market isn’t bringing you the offers that you need how else can you get Fast House Sale Probate. We here at Home House Buyers have the perfect solution to help you to get a fast house sale. We here can come to offer you a cash price on your property and we can also complete whenever you would like to. Whether that is two weeks or three months, you choose.
All you need to do it put your details into our website and then we will call you back within 24 hours. We will then arrange a free no obligation appointment on your property. There are no pressure sales tactics here at Home House Buyers. If we agree on a price then we can get solicitors instructed on the day and work towards a quick completion.
You can call us at any time to get a cash offer from a member of our sell house fast team on 0800 612 1366.