Probate

  • The process of establishing entitlement to beneficiaries following the death of the person who has left the bequest or in accordance with the law if intestate.
  • Probate properties are those sold by relatives or beneficiaries in order to realise their financial interest in the property.
  • Often beneficiaries want a quick sale and are willing to sell somewhat below market value.  Any reduction in sale price to secure a quick sale is proportionally less in accordance with the numbers so the loss is relatively small.

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About the author

Bob

Formerly a student living in a rented room my vision focused on excellence. Letting phenomenal student houses soon became more than a day job - more a way of life.

Continuing to look after our tenants I subsequently also founded what is widely recognised as a phenomenal student lettings agency.