Probate

Probate Property – what it is and what do I need to know? Hopefully, this information will provide you with an idea of what you might expect should you ever become involved in dealing with probate property.

Probate –  is the widely-used term for the legal process under which a deceased person’s estate is managed. Estates usually include the deceased’s home and therefore ‘probate property’ has become widely known in the process of selling that house. The probate process does involve a lot more than this which will be advised by a ‘probate solicitor’.

Selling a probate property – this can be a challenging time for all involved, knowing what you need to do and having a plan of action will go a long way to lowering the stress associated with such difficult times. The first course of action is to determine whether or not you need to have a Grant of Probate in order to dispose of the property. For surviving wives, husbands or partners who wish to sell the property, homes can often be sold without one providing the property was held in joint names. 

Checking the title deeds at the land registry will give you an idea of what your next steps should be. 

If a Grant of Probate is required to sell the property, it is vital to get the process of obtaining one underway as soon as possible. Conveyancing delays are not uncommon and the process can drag on – prepare to wait anywhere between 6-12 weeks. Once the Grant of Probate has been obtained, the process of selling the property can begin by the seller themselves or the executor of the will. A point to remember is that if the property remains empty for longer than 30 days, you may need to take out vacant property insurance too.

Buying a probate property – as you are buying from an estate, it is likely that you will be dealing with an executor and this means that they may have limited knowledge of the property. Getting a building survey done is a wise move and additional checks done on the home’s central heating and electrical systems. 

Whether you are selling or buying a probate property, your choice of Estate Agent matters – at mint homes we offer a personal, honest and most importantly a sensitive service.

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    • Thank you for your kind comments. At mint homes, we find its very important to explain in as much detail any circumstances that we may come across in selling a home, and probate is one of these. We will continue to write informative blogs with further information regarding the property market. Thank you again!

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