Probate Sales
Unfortunately, when a relative passes away they are normally elderly and the properties aren’t always in the best condition and the last thing that grieving relatives want is a long-winded sale of the subject property. Also in many cases, inheritance tax may need to be paid and the relatives do not have funds available to pay it, so require a speedy sale.
This sector of the market, together with house repossessions is where we are as a company, most active and we are normally able to give you a decision and an offer on the spot when we visit a property, Occasionally we may have to come back to you within the hour.
Once we have agreed on a figure we are normally able to exchange contracts on a subject to probate transaction if probate has not already been granted. If the property is freehold we are normally able to exchange within 24 hours of receipt of papers. This quick sale gives the beneficiaries executors peace of mind that they know once the probate is granted, that they are able to have the money available almost immediately to pay inheritance tax and other monies owed by the estate.