Selling Probate Properties

Valuing and Selling Probate Properties

We have a great deal of knowledge and expertise in valuing and selling probate property across North London, Hertfordshire, Essex, Beds and Bucks with many such properties coming to us through the excellent relationships that we have built with local probate solicitors.

As a result, we have a very large database of local developers, builders, and investors looking for properties with potential or development projects that can be improved and either let out or sold on for profit.

We are not only experts in valuing these properties but can also advise the executors to the estate on what is the best way to sell, be it by Private Treaty, Informal Tender (which is a form of “best and final” bids) or auction – so if you need advice on selling probate properties please call for expert and sympathetic advice.

Selling by Auction

Auctions work best when you are selling something with lots of potential as these are the kinds of properties that so many developers and investors are looking for. These people want something where they can add a large amount of value and so get as good a return for their investment and financial outlay as possible.

The auction route works very well in these circumstances as in the excited environment of a packed auction room, buyers can be encouraged to bid one another up and so achieve the seller the best possible price.

The other advantage is that immediately after the auction the buyer signs on the dotted line and exchanges contracts and pays a deposit with (usually) 28 days to complete. So as a seller, you have certainty that it has sold.

Selling by Informal Tender

When you sell by Informal Tender you hold a series of Open Day viewings to maximise interest and set a deadline by which buyers must submit their “Best and Final” offer along with confirmation as to how they plan to make the purchase (whether cash, subject to mortgage or subject to the sale of their home).

The advantage to the seller is two-fold. Often one buyer is prepared to pay more than others, and this is a good way to get the best price in those circumstances. Secondly, you have a range of offers from buyers in different positions so can choose the best one, who may not always be the person who bid the most.

For advice on any aspect of selling probate property please call Nigel Adams on 01992-878580 or email nigel@bigblackhen.com

The Probate Bureau

We are experts in selling probate property, but when it comes to anything else to do with probate we recommend that you talk to David West, the owner of The Probate Bureau, in Ware, Hertfordshire. They will be happy to lend a sympathetic ear and expert advice without obligation and their rates are considerably better than many others in the business.

David West can be reached on 01920 443590 or emailed on david@probatebureau.com

Or for more information please go to their excellent website