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How long does it take to sell a house through probate

Find out how long does it take to sell a house through probate

How Long Does It Take To Sell A House Through Probate?

You may find yourself in a position where you inherit the responsibility of selling a house in probate.

The team at 321 Move are here to help you navigate the probate house sale process. Our handy overview will answer your frequently asked questions such as ‘how long does it take to sell a house through probate?’ and ‘can a house be sold before probate is granted?’.

Read on to discover the key facts you need to know for an easier probate house sale.

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What Is A Probate Property?

If someone dies in England or Wales, probate is the process of giving someone permission to deal with any property and possessions. The next of kin or executor listed in a will may have to apply for probate before they can deal with the assets of the person.

This is why you may have to apply for probate to have legal authority over the deceased person’s property.

 

 

What Is A Grant Of Probate?

Firstly, you need to determine whether or not you need to apply for a Grant of Probate. A Grant of Probate is a legal document that gives the specified executor the authority to deal with property and assets and can help start the estate administration process. If there is a Will, it will provide instructions on who should apply for a Grant Of Probate.

Sometimes, you don’t need to apply for a Grant of Probate. For example:

  • If the deceased person's estate doesn’t include land, property or shares
  • If the property is in joint names, for example with a surviving partner

You can apply for a Grant Of Probate yourself, or you can pay a solicitor or probate specialist to do it for you. In certain circumstances, we recommend that you seek specialist advice when selling a house in probate. This can include:

  • The estate is bankrupt or insolvent
  • The value of the estate is over the Inheritance Tax threshold
  • The validity of the Will is in doubt

 

Who Can Obtain Probate?

The Money Advice Service has more information on when to use probate specialists for your probate application.

If there is a Will, the named executor or beneficiary will need to obtain an official death certificate in order to apply for The Grant Of Probate to gain permission to deal with the property.

If there is no Will, one of the deceased’s relatives must apply for a probate application. Usually, this person will be the next of kin.

How long does it take to sell a house through probate? You can find out more about how to apply for a Grant Of Probate and start the probate process here.

 

Can You Sell A House Before Probate Is Granted?

Can you sell a house before probate’ is one of the most frequently asked questions we receive here at 321Move.

Until you are granted probate, you are unable to complete a sale on the property. However, you are permitted to put the house on the market.

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The Probate House Sale Process

There are several things you can do to help speed up the probate house sale. 

 

Secure The Property

If the property is empty, it is important that it is secure. This involves locking any windows and doors, securing any valuable items and documents such as birth certificates.

 

Value The Property

You will need to determine how much the probate property is worth at the time of death, rather than its selling price. You can do this through your local estate agents or via a surveyor.

 

Pay Inheritance Tax

Often there is tax to pay on a deceased's estate. How much tax you pay can vary depending on the circumstances. There are many factors that can affect whether you are liable for Inheritance Tax, such as who is due to inherit the property. You must calculate if any tax needs to be paid and if so, how much. There is a threshold of £325,000 and you don’t usually need to pay Inheritance Tax if the estate is worth less than this.

Speak to a probate solicitor or seek legal advice if you are unsure of your inheritance tax liabilities. Alternatively, you can learn more about your inheritance tax form here.

 

Prepare For A Probate House Sale

You will need to clear the house in preparation for sale. This can take time, especially if there are lots of personal memories tied to the deceased person, their property and objects that are special to you inside the house. You can then consider whether to carry out any home improvements to give the home extra kerb appeal and increase its potential house valuation.

Visit gov.uk for more information on selling a house in special circumstances.

 

How Long Does It Take To Sell A House Through Probate?

We are often asked 'how long does probate take?'

The probate process can take time. It can take around 6-12 weeks from applying to get the Grant of Probate. During this time, you can put the probate property on sale but if an offer is made, you will have to wait for a Grant of Probate before the sale can be completed. It is good to prepare for a long probate process; delays to the property sale can result in difficulties for both parties.

Take a look at our useful guide for selling an inherited house. It will give you an overview of your options and any tax implications you need to be aware of.

 

Looking For A Quick And Easy Sale?

There are many reasons why a quick and simple sale can benefit you, especially in a sudden or distressing situation. One of the main reasons people choose to sell with us is because it takes the stress out of what can be a lengthy and emotional process in dealing with a deceased person's estate. Our friendly, expert team are passionate about helping you navigate life’s biggest moments with care.

A quick sale is a great way to free up any assets quickly, allowing you to move on with your life. 

 

Our Process

  • We give you a genuine cash offer within 24 hours
  • Happy with your offer? We will exchange contracts that allow us to legally buy your probate property
  • You can then arrange to hand over the property at a time and date that suits you
  • You’re always in control
  • A probate sale with us is much faster than the traditional estate agent route or on the open market

 

Our team prides ourselves on being open, honest and experienced in the property sector. We know that inheriting a house and selling it can be a busy or stressful time, but we are here to help you every step of the way. Got a question for us? Check out our frequently asked questions.

 

How Do We Do It?

We always ensure that you get the best price possible for your probate property. You receive 100% of our final offer price and do not contribute to any fees associated with the selling process, unlike the traditional estate agent route.

  • Guaranteed offer in 24 hours
  • No fees, no chain
  • Proven track record in probate property purchasing
  • All property types, in any condition

Any home improvements and fees are taken care of so that you can begin to move on from any emotional attachments from the property.

 

 

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About Us

We are a specialist property management firm; our friendly team is passionate about the property sector and providing you with expert, cost-effective property solutions. Our in-depth industry knowledge and experience spans across many aspects of property including sales, maintenance, lettings and development. As a result, we can provide you with a hassle-free, honest and fast house sale.

 

Get In Touch!

We hope we’ve been able to help you today. If you have any more questions about ‘how long does it take to sell a house through probate’ or you would like to speed up a probate house sale, we’re here to help.

We’re available 24/7 to save you time, money and sell your house fast in Leeds. It’s quick, simple and we can’t wait to hear from you.

Call us for free on 0800 8600 321

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