Auction is a tried and tested route for the successful sale of inherited properties in the UK.
Before an inherited property can be sold the executors named in the deceased person's will have to undertake a legal process called probate. And the property cannot be sold (contracts cannot be exchanged) until probate has been completed.
The following resources will be of help to executors navigating probate and planning the sale of an inherited property at auction.
- Selling a probate property can be more complicated than an ordinary sale. This guide to selling probate property explains why probate properties are particularly well suited to sale at auction.
- This guide to selling inherited property is intended to provide executors with an overview of the process for selling an inherited property, it deals specifically with the sale of inherited properties in England and Wales. The information and examples provided are intended to help executors complete their duties as quickly and efficiently as possible.
- The UK government website provides information about wills, probate and inheritance.
- The Money Advice Service has published a useful guide about calculating and paying tax after someone dies.
Next steps
Thinking of selling a probate property at auction? Any type of property can be sold at auction, whether in good or poor condition. Request a free pre-auction appraisal or call us on 0800 862 0206 - we'll be happy to help.
