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b_real

Probate Sales

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I'm about to submit an offer on a probate sale. It's in a high demand area and I actually think it's reasonably priced for its size/condition (£2,830psqm, needs a lot of work tho).

It had 2 offers within 2 days of being on the market (last week) and I received notification yesterday for all interested parties to submit final and best offers by this Thursday, which are "to be in excess of £300,000" (which is the asking guide price on Rightmove).

Re. probate, the previous owners died over a year ago, and the solicitors are now selling it. I was told that the solicitors could find no beneficiaries of the estate. I'm assuming that all the probate docs are in order but will check before offer.

My question is, what is the solicitors motivation for the sale likely to be here? Price or speed of sale? I don't really understand where the money from the sale goes at their end. 

This might help me guide my bid, I'm good on speed (no chain, agreement in principle in place) but low on price. Currently leaning towards offering the asking. 

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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