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buying from a deceased estate

Hi all,

We're due to view a house on monday, and according to the EA (which also happens to be our EA) it's an deceased estate sale. So, just so we go in with our eyes open, what are the pitfalls of buying from a deceased estate and what questions do I need to be asking?

It's all still quite academic at the moment as we haven't yet got an offer on our house (been on for six months, and have just dropped the price so fingers crossed).

Thanks

Comments

  • phill99
    phill99 Posts: 9,093 Forumite
    Part of the Furniture 1,000 Posts
    There is no difference. But just bear in mind that you won't have a living vendor to ask things of such as when the boiler was last serviced or if there are certificates for electrical work etc.
    Eat vegetables and fear no creditors, rather than eat duck and hide.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    My daughter and son in law bought like this. No problems what soever.
    Any questions could be answered by the EA and the deceaseds family.

    The downside, 3 years on they still get Christmas cards for the lady with no address on and the family have no idea either, sad eh.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • The executor will have to complete the probate process before they can sell, and occassionally this can take quite a while if its a taxable estate. Worth asking where that's up to.
  • dawyldthing
    dawyldthing Posts: 3,438 Forumite
    The executor will have to complete the probate process before they can sell, and occassionally this can take quite a while if its a taxable estate. Worth asking where that's up to.

    I'd second this. ask if probate is granted as mine wasn't when I bought my house and I had to wait nearly 6 months for it all to get sorted
    :T:T :beer: :beer::beer::beer: to the lil one :) :beer::beer::beer:
  • Yorkie1
    Yorkie1 Posts: 11,784 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    As others have said, ask whether probate has been granted and how many executors there are - sometimes if there are a lot of executors, they don't agree on things quickly.
  • Desperado99
    Desperado99 Posts: 1,195 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    Thanks everyone, really appreciate it :)
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