Selling a Property in Probate
What is Probate? Probate is applying for the legal right to deal with someone’s property, money, possessions after they pass away. (their Estate).
If the person left a will. You will get a “Grant of probate”. If the person did not leave a will. You will get “Letters of administration”.
When is probate needed?
You may not need probate if the person who died:
1. Had jointly owned land, property, shares, or money - these will automatically pass to the surviving owners.
2. Only had savings or premium bonds.
Contact everyone for each asset, mortgage, stock's, shares, to see if you need to apply for probate. Please remember every organisation has its own rules.
WRB Auctions understand that the loss of anyone can be a very distressing time. We have dealt with many Probate properties over the years and we understand each situation is different. Sometimes loved ones do not live in the area, so it is extremely hard to manage the process and the sale of the probate property.
Also with the property being empty, not many insurance companies will insure the property unless weekly inspections take place.
WRB Auctions is here to help, we can manage the process from start to finish. We can arrange for a valuation to take place for the probate, we have great business relationships with local property clearance companies if the property needs clearing. We can also do weekly inspections on the property while you are waiting for probate to be granted.
Once you have probate, we can start the sale process and have the property sold fast and for the best price possible via our auctions.
If you would like a quick chat please call us 0151 652 5289.