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What is  a probate property?

The term probate refers to the legal process whereby the estate of a deceased person is administered.  A probate property refers to that part of the estate which comprises the deceased person’s property.

Probate Property Sales

The sale of a probate property is usually more complicated than the sale of a non probate property.  Before a probate property can be sold the will must be found.  The will identifies the executors and the beneficiaries.  The executors need to apply and obtain what is known as Grant of Probate before they can legally sell the property.  It is often the case that the beneficiaries and the executors are not the same people.  At times they may not share the same priorities!


If someone dies without a will they have died intestate.  This is a situation which can complicate the process.  The beneficiaries are easily identified using the rules of intestacy.  The estate however needs to be administered by next of kin.   They will need to obtain what is known as letters of administration before the property can be sold.  If there is no next of kin the estate will revert to the crown estate.

Inheritance Tax

Inheritance tax is due on estates worth over £325,000.  It needs to be paid by the end of the sixth month after the person has died.  If you are late making the payment then interest becomes due.

Where we can help

If you are involved in the sale of a probate property you may find it more convenient to use our quick property buying service.  Our service is quick, efficient and convenient.  The service is especially convenient if you do not live locally.  It is ideal where the beneficiaries need to obtain the proceeds of the sale quickly.

To find out how we can help please call the above number or simply enter your postcode and complete your details.

Understanding the Mechanics of Probate Property Sales

In the vast majority of cases, probate property sales occur when an owner dies and the home is then passed on to next of kin or loved ones. The main reason that probate properties are attractive is that they are often priced lower than homes on the open market. However, those looking to sell a property in this manner need to be aware of some important steps to take. Preparation is also key, for there can be times when the process is not as straightforward as it may seem. Let’s take a look at this method in a bit more detail. You can then make the most appropriate decision when the time is right.

Probate Property Sales: Basic Mechanics

Let us assume for a moment that an owner has recently died and you are the sole beneficiary named within the will. Before the real process begins, it is important that you receive a proper valuation for the property as well as any associated assets (such furniture, antiques or jewellery).

Then, you will need to apply for what is known as a grant of representation. This involves three steps:

– Filling out a probate application form (form PA1).
– Completing an Inheritance Tax form (if the home is valued over £230,000 pounds).
– Swearing an oath before a duly licensed government representative.

As you may imagine, this process can be a bit lengthy and complicated. So, it might be a good idea to use the expertise of a trained solicitor.

A Growing Market? Dealing with Competition

Recent studies have shown that as many as 1 in 10 homes on the market are in probate. This is obviously a great situation for the buyers, as they will be likely to get an excellent price. However, this can be a bit challenging in terms of probate property sales. The main concern is not only the asking price, but how this price compares to the housing market as a whole.

Another variable to take into account is the condition of the property itself. Many probate properties are in a poor or run-down state. Others could be cluttered with items that have been in storage for years or even decades. Unfortunately, many buyers are looking to avoid lengthy (and potentially expensive) cleaning processes. A home that is uncluttered and requires fewer repairs will fetch a far better price. You could also look at this as a great way to earn a bit of extra money before the sale itself. Place advertisements in local papers, look into regional boot sales and register with online auction sites. If you believe that specific antiques are very expensive, have them assessed by an independent expert as opposed to a property valuation alone. The proceeds from such sales could very well offset any court and legal fees that need to be paid.

As the baby boomer generation continues to age, it is likely that probate property sales will become more commonplace. Use this article as a guide to help you through the process and as always, seek the help of a professional.

A beginner’s guide to probate properties

Hand holding key labelled probate property

Dealing with probate properties can be a daunting task, especially when you’re unfamiliar with the process. If you’ve been left a property in someone’s will and are eventually looking to sell it, here’s a beginner’s guide to help you get to grips with what’s involved with probate properties.

What does probate mean?

Probate is the name of the legal process that you need to go through if you inherit property from someone who has died (unless you are a spouse or civil partner). The house, along with all the assets of the deceased person, have to be valued in order to validate their will.

At the end of the process, a Grant of Probate will be issued and, at that point, you’re able to sell the property if you wish. The process helps to establish the legal chain of ownership of the property and until the grant is formerly issued, the property has to remain in limbo.

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A Look at the Steps Involved with a Probate Property Sale

Probate Property Sale - Molae Properties - Picture of London Flats

There can be many reasons why you may want to sell a probate property. Perhaps it was recently inherited and you have no use for a second home. Or, you might need a probate property sale in order to share the proceeds around a number of family members. Either way, a probate property sale, like many other property proceedings, can be a bit confusing if it is not approached in the correct manner. What initial steps need to be taken? What documents will you need to have ready? How can you form a checklist to make sure that you are prepared well in advance? Let’s address all of these questions in more detail so that you can start off on the right foot.

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Avoiding Probate Property Pitfalls

Probate Proerty - Molae Proerties - picture of a Will

What are the things you should look out for if you need to sell a probate property? Maybe you’ve inherited a property from a relative or perhaps you’re acting as the executor of a will. In either of these cases, it’s likely that you’ll need a Grant of Probate before you can sell. There are a number of problems that can occur along the way. So, what are the most frustrating situations associated with a probate sale? More importantly, how can they be avoided or  at the very least streamlined?

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How to apply for Probate: what steps you should take

How to apply for Probate - Molae Properties

If you need to sell a property after the owner has passed away, you will probably need to apply for Probate. This gives you the legal right to deal with the property of a deceased person, called a “grant of representation”. It’s important that you understand how to apply for probate to ensure things go smoothly. You need to watch out for all legal steps that must be taken. So, let’s  take a closer look to try and simplify things a bit.

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Deceased Estates: Selling a House Quickly

Those who are looking to sell a house quickly in London and the surrounding areas are likely to encounter a handful of issues. First, the market is anything but forgiving. Asking prices may be difficult to achieve and we should never forget about the logistics tied up with estate agents. In fact, many authoritative sites point out that these agents are more interested in the listing and the sale; less concerned with the ultimate price provided to the customer. Therefore, it becomes clear that selling a property of someone who is recently deceased can present even more of a challenge.

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