Experiencing a death in the family can be a difficult time, that’s without adding any extra stress of dealing with funeral arrangements, solicitors and the distribution of assets. One may wonder what the process and timescales are when selling a house after someone in the family passes away. We at FastCash4Houses have put together a brief overview to support you during this difficult time.
In order to sell and distribute a person’s estate following their death, probate will need to be granted. Probate is the term given to the court supervised process of validating the will – if there is one – and naming an executor; a person selected to be responsible for controlling the estate after probate is granted. For large and complex estates, probate can take 6 – 12 months to be granted, for relatively more simple estates probate can take 3 – 6 months. You can read more about probate by visiting our FAQ page.
Once probate is granted, the executor of the estate can look to sell and distribute assets, all debts and taxes will need to be paid before any value can be distributed as inheritance.
Selling assets such as houses can take longer to sell than others, these will need to be factored into the timescale. On average it will take around 6 months to complete a sale, including finding a buyer, closing all contracts and the time it takes the seller to move out of the property. It really does depend on the property and how sought after it may be. Some tips to sell quicker would be to price the property right by getting a valuation and also keep the property clean and tidy for forthcoming viewings.
Traditional estate agents and online agents can also help you sell your property. They are trained to advertise and market properties, find potential buyers and arranging viewings. Their services, however, do require a fee, for example; using a brick-and-mortar estate agent who charges the average amount of 1.42%, a property selling at £200,000 would incur £2840 in estate agent fees.
Using a cash buying service like FastCash4Houses can eliminate costs and drastically reduce the amount of time taken to sell a property. In some cases, we have managed to get a property from offer to completion within 7 days. For those who are in a hurry to sell a property in a cost-effective manner – you have come to the right place. With us, you can sell your property in a quicker time frame with no estate agent or legal fees to pay. To get your free no obligation valuation today and to find out more about how we can help then visit our website at https://fastcash4houses.co.uk/, or to speak to a member of our team you can call them directly on 01204 294356. At FastCash4Houses, we want to support you every step of the way as you sell your property.
