Selling A House During
Probate in Liverpool
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Inheriting property after the loss of a loved one can be challenging
Not only are you going through a difficult moment in your life, but dealing with owning a house unexpectedly can give you a few headaches about how to move forwards.
If your loved one lived quite far away from you, then it is possible that your new property is in an inconvenient location. Alternatively, the house might bring back uncomfortable or upsetting memories, which means that you want to offload it.
Sold.co.uk is here to make this challenging time slightly easier.
When you sell your probate property in Liverpool, it can get the house ‘off your plate’ quickly and put a lump sum in your back account within a few days. You will be able to avoid the stress of fixing up a house, maintaining it while viewings take place, negotiating on price, and much more.
Contact Sold.co.uk today to buy your probate property in Liverpool within 7 days, for an up-front sum of cash.
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What is Probate Property?
If someone passes away and leaves property to you in their Will, this is known as ‘probate property’. You can also inherit probate property under the laws of intestacy – which means that even if the deceased didn’t have a Will, a house may be transferred to you if you are their closest surviving relative.
It is entirely up to you what you do with probate property in Liverpool. There are a range of options available to you – including selling, living in it, renting it out, or leaving it totally empty.
Liverpool has over 74,000 people aged over 65, which means that every year, hundreds or thousands of people will inherit probate property in the city. Sometimes, the house can be in poor condition – for example, extremely messy, or with broken doors or windows.
This can force you to either fix up the house or sell it in its current condition.
With the latter option, a cash house buyer like Sold.co.uk could be the ideal way for you to cash in on the property.
Contact Sold.co.uk if you want to sell your probate property in Liverpool directly to a cash house buyer.
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What to do with property after probate is granted in Liverpool
Once probate has been granted on a probate property in Liverpool, you have four main options available to you: sell it, rent it out, live in it or leave it empty.
You may choose to sell your house if it is far away from where you usually live, and keeping it would therefore be lots of hassle.
If the property is in good condition, you could sell on the open market – but if it is in a terrible state, a cash house buyer would still be willing to take it off your hands.
By renting your probate property out, you can turn it into an extra income stream. This can be extremely useful from a financial point of view, although you will need to take on the responsibilities of being a landlord, which can be time-consuming and (occasionally) expensive.
You can live in the probate property yourself, if it is convenient for you to do so.
If the entire mortgage has been paid off, or if you have always dreamed of living in Liverpool, then this could be an excellent option.
Finally, leaving your probate property empty can give you time to assess your options. Perhaps your future remains unclear, and you don’t want to make a definitive decision until you have greater clarity. Alternatively, you may need to consult with family members, but haven’t been able to do so yet – in which case, the house may lie dormant.
If you want to sell your Liverpool probate property within 7 days, contact Sold.co.uk.
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Selling probate property in Liverpool
Demand for properties in Liverpool is high.
Lots of people consider it an excellent city to invest in – and that means that, when the time comes to sell your probate property, you should be able to get a reasonable price for it.
If you have inherited a probate house in Liverpool, but do not live near to the city, then it could be challenging to keep travelling back and forth. Family or work commitments might make it impossible for you to visit the city regularly – so, unless you hire a letting agency to rent it out on your behalf, selling could be your best option.
In some cases, people inherit a property with the clear instruction that it should be sold. It may have been your loved one’s desire for you to cash in on the house – in which case, it could feel like your responsibility to fulfill their wishes.
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Valuing a probate property in Liverpool
If you want to know the value of your inherited house in Liverpool, then you are in the right place.
Sold.co.uk carries out free, no-obligation valuations for homeowners in every part of the city.
When you work with us, you will get a valuation within a few days of your initial enquiry – and this can be escalated into a sale within 7 days if you wish.
Alternatively, if you are unhappy with the valuation you receive, there is no obligation to accept it because we don’t tie you into a contract. You can walk away at any point.
We will use our experience and expertise buying and selling houses to give an accurate valuation, which considers the market conditions, the state of your property, and more.
You may then decide to sell your house with us using our online estate agency feature; use another estate agency altogether; or to sell your house directly to Sold.co.uk for an up-front cash payment.
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How long after probate can a property be sold in Liverpool?
You can sell your probate property in Liverpool as soon as the Grant of Probate comes in. This documentation gives you (alongside any joint owners) the legal right to make decisions about the property.
Some people choose to hang onto a probate property for a while longer, especially if the mortgage has already been paid off, in case its value increases.
For example, in Liverpool, property prices have increased on average by £5,700 over the past year, so waiting a bit longer could allow you to benefit from this growth.
You may need to consult family members when deciding the fate of a probate property you’ve inherited. Even if the decision is ultimately up to you, there may be other people with emotional ties to the house, as well.
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How Sold.co.uk can help
Selling your probate house does not need to cause you stress.
Cash house buyers like Sold.co.uk in Liverpool can purchase your property from you within 7 days. We have done this dozens of times in every part of the city.
Once the Grant of Probate has been approved, you might want the sale to be completed as quickly as possible.
A cash house buyer is ideal in this scenario.
You can avoid significant costs, such as estate agent commission and conveyancing fees, when you sell to us.
You can also access the funds within a matter of days, rather than waiting months or years, which can be valuable if you need to use the money quickly.
So, whether you have inherited a property in Bootle, Vauxhall, Kirkdale, Tuebrook or anywhere in between – you can count on Sold.co.uk to buy it extremely quickly.
What are the steps of selling my house after probate in Liverpool?
- Contact Sold.co.uk for a valuation
- Decide whether to accept our offer
- Agree on a date of completion
- Get the funds in your account within 24 hours of exchange
Paying stamp duty on inherited property in Liverpool
As a general rule, you do not need to pay stamp duty on inherited property in the UK, including Liverpool. This is useful for property owners in the city, because the Stamp Duty rate can vary from 5% to 12%, which would represent a significant sum on Liverpool’s average house price of £199,000.
Frequently Asked Questions about Selling A House in Probate in Liverpool
Who owns a house under probate in Liverpool?
Who owns the property after probate is granted in Liverpool?
‘under probate’, it is technically owned by the executor. While this person must wait for the Grant of Probate to come through, before distributing it (or selling it) in the appropriate way, it is technically them who is responsible for the property’s fate.
Who owns the property after probate is granted in Liverpool?
Once probate has been granted, the executor will transfer ownership of a Liverpool house to whomever is entitled to it (usually outlined in the Will of the deceased). They may have to follow the laws of intestacy if no Will exists.
Once the new owner is in control of the property in Liverpool, it is up to them what happens to it. They can sell it, rent it out, live in it or simply keep it empty.
Can you sell a house before probate in Liverpool?
No, you cannot sell probate property in Liverpool (or anywhere else in the country) before the Grant of Probate has arrived. It is generally inadvisable to even tidy the property before probate has been granted, as you may accidentally throw away something that now belongs to someone else.
How long does it take to sell a house after probate in Liverpool?
The average time it currently takes to sell a house in Liverpool is 96 days. However, probate properties usually take longer to sell, due to them generally being in worse condition, or because of some extra paperwork being involved.
When you sell your probate property in Liverpool using a cash house buyer like Sold.co.uk, you can complete the sale within 7 days of making your enquiry. This enables you to use the funds for something else – such as upsizing in your hometown, taking a trip overseas, paying for the funeral of your loved one, or otherwise.
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