Selling a probate property as an executor is a little bit different from the usual sales process and understandably can be an emotional and stressful time, but you can rest assured that our team at Church Robinson Estate Agents are specialists in handling probate sales, so we can guide through the process.
Here is a guide on selling a probate property:
In order to sell the property, there needs to be a ‘Grant of Probate’ issued, a legal document which confirms the validity of the will and has details of the executor who has the legal authority to sell the house. Obtaining a Grant of Probate can take 12 weeks plus, so bear this in mind when you're looking to sell.
In order to apply for the Grant of Probate, you will need to obtain a valuation of the deceased’s property and this will calculate the value of the property at the date the owner died, not the current selling price. We can help you do this by looking at the sold prices of comparable properties in the local area at the correct time and compile a report. This will also help you to demonstrate the true value of the home to any beneficiaries.
At this stage, you should also check the property’s title. You should be able to do this with the Land Registry. It's a good idea to ask your solicitor whether there are any restrictions on the property.
Once you've got the initial legal documents in place, selling a property after a death can be simpler than you may think as the property is chain free, so moving timescales are more flexible. Developers often see probate properties as a renovation opportunity.