inheriting mother's estate and housing benefit

konark

Was there a will? How was it worded re the house? If the house is a specific bequest then technically it's yours from death.

Margot123

"the property will need to be put up for sale as soon as Probate is received........."

OP, did you know that you can market the property prior to receiving the Grant of Probate?

The only thing you can't do, without it, is complete the sale after exchange contracts with the buyer (some solicitors may not exchange contracts without the Grant, some do).

Yorkshireman99

Margot123 wrote: »

"the property will need to be put up for sale as soon as Probate is received........."

OP, did you know that you can market the property prior to receiving the Grant of Probate?

The only thing you can't do, without it, is complete the sale after exchange contracts with the buyer (some solicitors may not exchange contracts without the Grant, some do).

The problem with this is that a potential purchaser my well be put off by the open ended time when contracts can be exchanged. I don.t think a prudent executor, or buyer would exchange contratcs until probate was granted.

Margot123

Yorkshireman99 wrote: »

The problem wityh this is that a potential purchaser my well be put off by the open ended time when contracts can be exchanged. I don.t think a prudent executor, or buyer would exchange contratcs until probate was granted.

As I say, most solicitors won't exchange contracts until Probate is granted.

However, it is very common for marketing, offers, and sale agreement to run concurrently with the application. In the long-run it usually saves time.

There is no more risk with buying a Probate property than any other; in fact, buyers may well favour them over a property with a lengthy and possibly unstable chain. I know several people who have bought in these circumstances.