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Probate sale

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  • Grizebeck
    Grizebeck Posts: 3,967 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    We waited for probate to be granted before we formally accepted our buyer’s offer. I think we’re all kicking ourselves though- while we were waiting interest rates went up (and up) and so the buyer asked if he could reduce his offer as otherwise it was unaffordable.  We had a quick chat, agreed that we were happy and it’s all going through the solicitors now.

    One thing to remember is that houses do start to look unloved fairly quickly and what’s highlighted in a survey now May have changed by the time probate is granted.  My Dad’s house (already fairly unloved) is really showing signs of needing someone to live there, or at least be in and out daily.  He died 9 months ago.
    Yes it may be the case they don't accept our offer and leave it on the market whilst they await probate 
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    6 months min for probate
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Bigphil1474
    Bigphil1474 Posts: 3,576 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    It's definitely taking longer now, but as I said, before Christmas it took 2 months for me from starting the probate application online to have it granted, and 3 months earlier this year for FIL. Both were simple applications with no tax issues. I think the probate office are quoting 4 months.
  • Grizebeck
    Grizebeck Posts: 3,967 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    now quoting 16 weeks so its definitely got longer
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