Inherited some property?
Inheriting a property is often a complicated situation. There are many decisions to be made about how you would like to deal with the new asset you have received. often there are multiple parties involved in the inheritance and ensuring all parties are satisfied with the outcome can be a difficult task.
The inheritance of a property usually involves the death of a loved one and the property can have an emotional effect on the people involved. The sale of the property being a drawn-out affair can cause significant upset as often the best way to deal with the situation is to move on.
To make the process quick and easy and to help avoid any drawn-out disputes cashpropertybuyer.co.uk offers the perfect outlet. We offer a guaranteed way to sell a house fast so you can free up the liquid capital you need to settle any family affairs quickly.
This short guide is to give you an understanding of what you may need to consider when you have received an inheritance property.
What is Probate?
When a person passes away their possessions and assets need to be administered so they can be passed on to the rightful inheritors. This process is called probate and involves distributing the property of the deceased person as per the terms of their will if one has been left. There are also taxes and debt liabilities that may need to be settled in the probate process.
What documentation is required for an inheritance property?
When claiming an inheritance property there are a number of documents required to complete the process. These are: –
- A death certificate
- The Will of the deceased (If one is available)
- Deeds for the property in question
- Mortgage information
- Personal information of the deceased including their national insurance number.
The inheritor is also responsible for ensuring the property is covered by the required buildings insurance and is safe and secure until they decide what they would like to do with it.
How long does the probate process take?
The probate process can take up to a year or in some cases even longer depending on the complexity of the deceased persons estate. Because there are multiple stages of probate I.e. gathering information, applying for grant of representation and dividing up the estate so it is legally compliant there is no quick fix, however, in cases of a less complicated estates the matter can be settled in a few months.
How can I sell my house fast?
If you have received an inheritance and have completed the probate process, it’s time to find a faster way to sell your property. Cashpropertybuyer.co.uk can be the helping hand you’re looking for. As a company who offers a cash deal for a property we work faster and differently to traditional estate agents. You’ll get a quick release of funds with minimum hassle and you don’t have to worry about numerous visitors for viewings and months or even years of uncertainty. You can get the process completed and your house sold in as little as seven days in some cases taking all the pain out of selling your home.
Want to know more?
Hit the “get cash offer” button below, If you’d like a free, no-obligation offer for your property.
Or if you’d rather talk to us, you can contact one of our friendly team members on 0330.