At Nikki Homes, we pride ourselves on being a specialist estate agency with tailored services to fit the needs of every individual and their circumstances. With Probate property sales, there are a lot of questions and misunderstandings… Our friendly team are here to take the stress away.
Probate Broken Down…
Following the death of a loved one, comes a lot of obstacles you don’t plan to encounter. With emotions high, you don’t want to be figuring it out all on your own…
One stress we take away from you deal with is the valuation of possessions… in our case, property.
You might need to sell a residence in Probate if you are the Executor of a Will. If the deceased individual held a home or apartment in their sole name and the beneficiaries of the will needed to divide the estate's worth, this may occur.
What does probate mean when selling a house?
A probate sale is a procedure carried out in a county court when the executor of an estate sells assets from the estate to split the proceeds among the beneficiaries. This is something we are experienced in, through our work at Nikki Homes. These conversations can be tough and having someone you can but your faith in can really make a difference.
Do you need probate to sell a property?
It is important to understand that selling a house in probate can be a lengthy process. Before completing the sale, you will need a Grant of Probate in place. This can take several months, but the positive spin is you CAN have your property valued and list it on the market before your probate has been granted.
Probate involves several steps. These steps include:
- Registering the death
- Valuing the estate
- Paying inheritance tax due
- Paying probate fees
- Checking the title and deeds for the property
Nikki Homes Probate Property Evaluation
All of us at Nikki Homes are completely understanding of the responsibility that comes with evaluating the value of a property of someone who has recently passed. Acting respectfully and being on hand every step of the way to assist you with your questions.
Having a professional house valuation is really useful, especially if you are going through the HMRC.
Contact Nikki Homes Today
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Give us a call or leave a message with our contact forms. We look forward to hearing from you and starting the journey to finding your perfect home!
