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WorthyJ

Finding Probate Property Bargins

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It's often said that probate property sells for less for various reasons.

Well to scratch an itch and see if there's any truth in that, I have knocked up a web service that pulls probate property advertised online and posts them to twitter @probate_uk with a link back to the site.

Its been running for a couple of months now so should see some sold prices soon to compare against.

This is not an advertisement, there's no fee or subscription or anything like that planned. 

 

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On the other hand, there's one around here that went fairly cheaply as one inheritor bought out the shares from the other siblings.  In this case EAs don't get involved, and they tend to sell for as low a price as they can get away with to keep the stamp duty down - possibly with an unrecorded cash payment alongside it.  There are limits to how low they can go, but the one I've seen is as low as you could get without the Land Registry's alarm bells going off.  It gets recorded as being sold at the price that 100% would have sold for based on whatever amount they agreed for whatever percentage, but it's still a low amount that tends to drag down future valuations by EAs and surveyors.

Edited by Tes Tickle

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  • 150 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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