What is probate?

Probate is a term used to describe the legal and financial structure for dealing with inherited assets. Use our guide to probate to give you a better understanding! Selling a house without probate can be difficult so use our guide to help sell your home. This will set out how the deceased person assets will be distributed. If someone named in a will would like to sell an asset or transfer anything, they probably have to apply for probate. If there is no will, the law will decide who receives each asset. Once probate is in place, you can move onto to dealing with the assets in any way you deem fit.   

When do you need probate?

Probate is a difficult thing to navigate. It can be hard to know when required if this is your first time selling a probate property. Usually required if the person that passed owned property, land or house. If anyone asks you for a Grant Probate or a Letter of administration, they are asking for probate. Probate may not be necessary if you had a connection (shares or jointly owned) to the deceased person’s assets. These will just be passed to you. If you have inherited some property, we recommend you go through a solicitor to see if probate is required on your property. 

How long does probate take?

In simple terms, probate is a document that binds you to the deceased assets. This gives you a legal right to the property, it will remain one of your personal assets unless you decide to sell it. Probate normally takes around 4-8 weeks providing there are no major complications. If you are looking to sell a property after probate, you may be better off choosing a company to provide a quick sale.

Is it difficult to apply for probate?

It is quite easy depending on the assets you are applying for probate for. You can usually apply quickly online. Click here for the governments website and advice about applying for probate. If you have any questions, we are not legal experts, but we will still be happy to assist you in any way we can. Don’t hesitate to contact us here!

Sell my inherited property 

Selling your inherited property can seem both daunting and time consuming when you use an estate agent or any other property company. Here at No.1 Property Buyer, we can take away your worries. With No.1 Property Buyer, you can sell your house for cash and complete in just a matter of weeks. We pay fair prices and offer a hassle free, no obligation service to selling your home. 

Advantages of selling a probate property with us

There are no hidden fees along the way, we like to keep things simple. You can use our website for a free, no-obligation valuation. Click here to get started! We understand that you have been through enough with the death of a loved one, so we try to make the selling process as simple as possible. Competition is inevitable, but we can promise we will work with your timescale and complete in as little as 14 days! We buy any property in any condition in any place. Just get in touch and we will consider your property. 

Tips about inherited property

Selling an inherited property is not all too different from selling a regular property. However, here are some things to consider:

• Is selling your property the best option for you? Depending on mortgage amounts, renting out your home is often a good idea. However, you would need to obtain a ‘consent to let’ which usually lasts about 12 months. If paperwork isn’t for you, we wouldn’t recommend this!
• Is the property right for you? Do you want to sell your current home and move into your inherited one? This is often the case for people with houses full of childhood memories, if it’s an option, you can use our online valuation form to get a rough figure for your current house.
• Weigh up the location and the usefulness of the property. Is it the right size for you? Does it fit your requirements? Note that you are allowed to put your house up for sale at any point, but you cannot conduct a sale until you have a grant for probate.
• Make sure you understand all about inheritance taxes before you begin your selling journey.

Why use No1 Property Buyer? 

No matter where your home is or what condition it is in, we’re here to help you through the process as quickly and efficiently as possible. Selling your house becomes considerably cheaper when you lose all the fees that estate agents charge. With No1 Property buyer, we pride ourselves in having a no-fees service to help you through the sale of your home. We can take away the stress of selling. Customer satisfaction is our No1 priority, but if you have any other worries just get in contact or check our FAQ page!