Inheritance money

Brie

Sounds (to me) like probate is needed first and that can take a few months at least from what I've read here previously.  Then the estate agents take a look and suggest what might make it easier to sell (might be as easy as cutting the grass or not) and then it goes on the market.   

Next stage is a very elastic piece of string.  We had a buyer for our place within a week of it going on the market but it then took another 8 months to complete due to a variety of odd factors.  

Once the money is with the executor it's just a case of how efficient they are on dealing with paying out the ££.  

Hermann

gadget88 said:

elsien said:

The property itself is being left to the two daughters, or the house is to be sold and the two daughters get the proceeds?
That’s a big difference In terms of what happens next

Yes it’s being sold 

Who is the executor? A relative or a professional?

And what have they said?

Marcon

gadget88 said:

So it’s been around 5 months and the house isn’t on market yet will it take much longer? We are due some inheritance money but sadly the house isn’t on market yet some people say it takes years now some say less time any ideas? 

Not a clue, given the absence of any relevant information. The executors (and possibly a local estate agent) are best placed to answer your question.

fwor

It probably varies depending on location, but to give an example of a neighbour's house local to me: it took 14 months to get probate and to reach the stage where the house went on the market. The owners priced it very attractively and the house sold (STC) within a week. If they had priced it unrealistically it could still have been on the market in a year's time.

Robin9

If it is the case that an offer has been made and the executor's have accepted it -  then , assuming all goes well and there are no problems with mortgages, surveys, the chain involved etc  then could well be 6 months . 

Don't make any plans for the inheritance.