We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
House buying and probate
Comments
-
Also in many cases the executors will already have been administering the deceased's finances prior to their death as attorneys, so will already have all the details readily to hand.
That was the position I was in but one company held up probate for ages and we lost one house sale as a result.0 -
PassingOutInTheParade wrote: »So here we have a few examples of how long a 'quick sale' can take when Probate is involved.
On the other hand, I have had relatives gather all the information, apply for, and receive the Grant within 6 weeks. Shows how it can vary depending on a lot of factors inc. how many accounts the deceased had, and how motivated the executors are.
In my experience. the estate agents phrase of 'no chain' means 'this could take a very long time'.
This only happens when executors jump the gun by marketing the property before probate is granted ... Or indeed even applied for.
If estate agents only took instructions from people who have paperwork to say they actually OWN the house, or that they actually have authority to sell, then this wouldn't happen. Sadly it seems they would rather take the property on and deal with the backlash than risk not getting the instruction later on.0 -
This only happens when executors jump the gun by marketing the property before probate is granted ... Or indeed even applied for.
In our case, Dad had moved into a care home and I was selling the house to provide capital for him.
He died before the sale was settled and so we had to wait for probate.0 -
Alfrescodave wrote: »The owner has died and the executor (son) is extremely keen to sell ASAP
Are they the only beneficiary?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards