Granted probate property purchase timeline?

everfor007

I've made a offer on granted probate property and it has been accepted. Currently property is vacant.  My agent is saying, seem probate is already granted and vacant things will go faster.  Any idea what's sort of timeline will take to complete the process?  

 i guess my solicitor will do due-diligence on seller paperwork, Anything i need to check or ask to seller or agent to expedite the timeline manner?

p00hsticks

Time to check the piece of string .....

It's true that the estate will generally want the property sold quickly, because it will be costing the estate money in insurance, utilities etc. There's also an advantage in that there won't be an onward chain, which should mean no pressure on negotiating exchange and completion dates. 

However most of the work that takes time is on the generally on the buyers side - searches, survey, mortage offer etc, and the fact that it's a probate property is not going to make any difference to any of that. And your conveyancer may have to do a bit more digging if the executors are not personally familiar with the property - be potentially prepared for s lot of 'unknown' answers on the TA6 property information form.

   Speaking from personal experience as an executor, I thought I was being helpful by not putting the property on the market until we had probate . All went well to start with - we had several offers quickly, accepted one and unfortunately have now realised that the buyers conveyancer makes slugs look speedy....

....... and we're still waiting for exchange six months later, all due to them only responding to anything when being threatened with the property being put back on the market. And meanwhile it's costing the estate money in expensive insurance for unoccupied properies and now the six month council tax exemption being up

canaldumidi

Assuming probate HAS been granted, the only difference between this and any other purchase of an empty property (ie no chain) is that the sellers may not know much about the property so not be able to answer Enquiries or questions helpfully.

Timewise it won't make any difference.

Noneforit999

As above, its not going to make much difference to the timeline as most of the things that take time are on the buyers side anyway...searches, surveys, mortgage applications etc.

As long as the seller is on the ball and returns the paperwork to the conveyancing solicitor quickly, its going to take as long as it takes. 

babyblade41

I must say I try & steer clear of probate properties , they can have just as many problems as a normal purchase, if not more as extracting info from executors can be tiresome.

One goes on hols then the other one does.. I'd only consider it if it was pretty much perfect for my needs