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Selling an inherited property or a home in probate
Dealing with a loved one's home is hard. Lionsmead can offer a straightforward, direct sale so executors and families can settle the estate on a timetable that suits them.
The short answer
You can agree to sell an inherited property before probate is granted, but completion normally has to wait for the grant. A direct sale can suit estates where the property needs work, is standing empty, or where the family wants a simple, certain process.
Why families choose a direct sale
An empty property still has bills, insurance and upkeep, and an open-market sale can take months. We can look at the property as it is and agree a completion date that fits the probate timetable.
Our offer will usually be below full open-market value, in exchange for speed, certainty and taking the property as it is. Executors should compare it with other options and take advice from the estate's solicitor.
Questions people ask
Can you sell a house before probate is granted?
You can find a buyer and agree a sale before probate is granted, but in most cases the sale cannot complete until the grant of probate (or letters of administration) has been issued.
Who can sell an inherited property?
The executors named in the will, or the administrators if there is no will, have the legal authority to sell, once the grant has been issued.
Do I need to clear or repair the property first?
No. We look at properties in their current condition. Our offer reflects the condition, and we explain how we reached it.
Do you offer sale and rent back?
No. Lionsmead does not offer sale and rent back.