Losing a person in your life is one of the hardest things you’ll ever go through. And aside from the emotional burden that you’ll need to deal with – you also have to think about everything you may inherit from the person such as their property.
A probate property is a property currently owned by a deceased person. When a person dies, their entire estate needs to be distributed according to their will or the law if they don’t have a written will.
Probate is the legal process of transferring the title of a deceased person’s property to the person that will inherit it. This is the entire process of administering a person’s estate according to their will or intestacy laws.
As you might expect, a probate property is pretty different from a regular property you may own. So, if you want to sell probate property in Manchester, you can expect a fairly difficult and different process. That’s why we’ve compiled this comprehensive guide that contains everything there is to know about selling probate property in Manchester.
That way, you know exactly what to expect and who to call to help you sell your house in probate.
Read on to learn more.
How to Sell Probate Property
There’s no doubt that selling a property in probate is much more complex than selling a normal home. There are many other things to consider when selling a property in probate that makes for a huge hassle on the seller’s end. This is why most sellers hire professional conveyancers or similar property professionals to facilitate the process and make things much easier for them.
There are several steps to selling a probate property in the UK. While the exact process may vary from case to case, the general steps to selling a property in probate in the Manchester include:
Obtaining the Grant of Probate
Before anything, the executor of the will needs to obtain a grant of probate. This is a legal document that confirms that the said individual is the executor of the will and gives them the authority to act on behalf of the estate.
After getting the grant of probate, the next step is to valuate the property. This gives you a general idea of how much the property is worth and how much you can list it for on the market. You will need a professional to valuate your property to ensure that it’s the same as the current market value.
Getting a Solicitor
It’s best to get a solicitor for your property if you want an easier process. Ideally, we recommend getting a solicitor that’s experienced in properties in probate. That way, they will understand the intricacies of selling this type of property, making for a much simpler process.
Preparing and Marketing the Property
It’s important to sell property in its best possible condition. This attracts more buyers and allows you to sell it for a higher price. This is why the next step in this process is preparing the property, applying any necessary fixes, and getting it in a selling condition.
From there, it’s up to the seller to find the best way to market the property and advertise it to the right people. Marketing a property is quite difficult and requires a lot of effort and creativity, which you need to prepare for when entering the market.
Negotiations and Closing the Deal
Once you’ve found someone interested in your property, the next step is negotiating the best price and closing the final deal. This can be quite a tricky process, which is why it’s best to have professionals on your side to ensure that you sell your probate property at the best possible price.
Once you’ve agreed on a price and closed the deal, the last step is distributing the funds and transferring the property title. This process may sound complicated, but it’s much easier than everything else that you’ve been through so far.
Can You Sell a House Before Probate Is Granted?
The best way to sell a probate property in the UK is waiting for probate to be granted. That way, you can start listing the property on the market and start looking for the right buyers. However, it’s also possible to sell a house before probate is granted, but you will need to meet some additional requirements.
You’re going to need documents such as the executor’s authority, power of attorney, beneficiary agreement, and more. On top of that, you’ll still need to go through all the steps of selling a property after probate is granted. So, if you’re in a rush, it’s possible, but you’ll have to deal with more documentation and hassle.
If you want to sell your probate property as soon as possible, it’s a great idea to speak to cash house buyers such as us (We Buy Any Home). We deal with probate property owners all the time and have years of experience in helping people in your position sell on their probate property as fast as possible.
How to Sell Your House After Probate is Granted
If probate has already been granted, selling your house will be much easier. However, you still need to obtain the grant of probate and additional documents before selling the house. These are just some of the hassles you have to accept when selling a house in probate. That said, rest assured that as long as you have all the documents, the process should be much smoother.
How Long Does It Take to Sell a House in Probate?
Selling a house in probate can take a bit longer than other properties. This is because of the additional documents and records that you need before you can sell the house. However, once you obtain the documents, the entire process is fairly simple and straightforward.
With that said, if you decide to sell your probate property through cash house buyers such as us, we can make the process much faster, smoother, and less stressful for you. So, if you want to sell a probate property as soon as possible, get in touch with us. We’d be happy to help.
Who Can Sell a House in Probate?
There are two people that can sell a house in probate, the executor and the administrator. If the deceased person has a valid will, then the executor is in charge of their assets and distributing them according to their wishes. If the will states that the properties of the deceased person should be sold, then the executor is in charge of doing this.
If there’s no valid will or the person fails to appoint an executor, then the responsibility falls on the administrator. This is a court-appointed individual who will execute the will whenever there’s no executor available or if the deceased person doesn’t have a will.
While selling a probate property in Manchester requires a few extra steps, it isn’t impossible. If you’re looking to sell a property in probate, you can obtain the necessary documents and sell it yourself.
However, if you’re looking for a faster and smoother process, feel free to reach out to our experts today who can give you all the guidance you need when selling a probate property.