Selling a Rental Property:
A Guide & How We Can Help
Our experienced team at Moovingo is here to guide you through every step of the Executor sales process during what can often be a difficult time. From providing a free expert probate valuation to offering advice on how to prepare a probate property for the market, we ensure a smooth process. Probate properties are homes that become part of the deceased person’s estate, and they often require special attention and steps before they can be sold. In this guide, we’ll walk you through the key steps and considerations for selling a probate property.
Understanding Probate
Probate is the legal process through which a deceased person’s assets, including real estate, are distributed to heirs or beneficiaries. When a property is part of a probate estate, it typically means that the property owner passed away without a clear and valid will or that the will is being contested. As a result, the court oversees the sale of the property to ensure that it is done fairly and in compliance with applicable laws.
The Executor
The executor of the estate is responsible for managing the probate process, including the sale of the property. Typically, there are two executors, and if the will includes property, the executors must obtain a grant of probate, which authorises the executor named to administer the deceased estate. If you’re the executor, you’ll need to gather all necessary documents, such as the death certificate and the will, if one exists.
Consult with Your Solicitor
Before listing a probate property, it’s essential to inform your solicitor. They will guide you through the legal requirements and responsibilities associated with the sale and can determine if the property needs court approval before it can be sold.
Determining the Property’s Market Value
To sell a probate property, you’ll need to know its market value. Moovingo Estate Agents are qualified real estate agents with expertise in probate properties, enabling them to assess their worth accurately. This step is crucial for pricing the property accurately. To book a free probate valuation, call us at 01 5169999 or book an appointment on our website.
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“>”>Preparing the Property for Sale
Just like any other property, a probate property should be well-maintained and presented in its best condition. Our agents are expertly placed to advise you on where to focus your attention and note what updates you should consider to ensure the property appeals to potential buyers. From furniture removal and storage to property maintenance, cleaning, and staging, you want to make an excellent first impression so that the property looks its very best at viewings. We can put you in touch with the right people to assist with removals, cleaning, and staging your property.
“>”>Clear Communication
At Moovingo Estate Agency, we understand the intricacies and sensitivities involved in probate property sales. We prioritise people throughout the process, recognising that these transactions often involve multiple parties with varying emotions and interests. Our dedicated team of professionals will ensure a clear path of communication.
“>”>Marketing Your Probate Property”>
We leverage our extensive network and marketing expertise to showcase the property in all the right places, including popular platforms like Daft.ie and MyHome.ie, and on social media channels. Our goal is to generate as much interest as possible and we utilise the best tools to do so. Our use of professional photography will also enhance its presence in a busy market.
“>”>Negotiating Offers”>
Once offers start coming in, work with your agent to negotiate the best deal on behalf of the estate. Keep in mind that court approval may be necessary for the final sale. With Moovingo Estate Agency, we offer buyers the option to bid online. Once an offer is submitted, it will notify the executor of the sale immediately.
“>”>Sale Agreed”>
Once a preferred bidder has been selected, we will ensure to manage everyone’s expectations, including collecting the booking deposit and ensuring surveys and valuations are booked and signed off on soon after agreeing. Throughout this key stage, we continue to keep all parties updated and work towards the closing date.
“>”>Closed”>
Once closed, we’ll arrange for keys to be handed over.
“>”>Conclusion”>
Selling a probate property can be a complex process, but with the right guidance from legal experts and experienced real estate professionals, you can navigate it successfully. If you’re in the position of selling a probate property, reach out to Moovingo Estate Agent for expert assistance and a smooth transaction. Book your free probate valuation today.