Guide To Selling as an Executor

1. Confirm Legal Authority:
Verify that you have been legally appointed as the executor through the deceased person’s will or a court grant of probate.

2. Obtain Grant of Probate:
If probate is required, apply for a Grant of Probate from the Probate Registry. This legal document confirms your authority to administer the deceased’s estate.

3. Valuation of the Property:
Obtain a professional property valuation to determine its market value.
Consider consulting with a surveyor or estate agent to get an accurate valuation.

4. Clear Outstanding Debts:
Use the proceeds from the sale to clear any outstanding debts of the deceased, including mortgage, utility bills, and other liabilities.

5. Instruct a Solicitor or Probate Specialist:
Appoint a solicitor or a probate specialist with experience in handling the sale of probate properties.
Your solicitor will guide you through the legal process, handle paperwork, and ensure compliance with regulations.

6. Notify Beneficiaries:
Keep beneficiaries informed about the sale process and timeline.
Address any concerns or questions they may have.

7. Prepare the Property:
Ensure the property is secure and well-maintained.
Consider decluttering and staging to enhance its appeal to potential buyers.

8. Marketing the Property:
Work with estate agents to market the property effectively.
Provide them with all necessary details, including the grant of probate and your solicitor’s contact information.

9. Sale Negotiations:
Consider any offers received and negotiate the best terms.
Keep beneficiaries informed about the progress and any significant decisions.

10. Conveyancing Process:
Your solicitor will handle the conveyancing process, including title checks and drafting contracts.
Provide necessary documentation, including the grant of probate, to the buyer’s solicitor.

11. Exchange of Contracts:
Once terms are agreed upon, your solicitor will exchange contracts with the buyer’s solicitor.
Pay attention to any specific conditions or timelines outlined in the contract.

12. Completion:
Agree on a completion date with the buyer.
On completion, the buyer will transfer funds, and you’ll hand over the keys.

13. Distribute Proceeds:
After completion, your solicitor will distribute the sale proceeds according to the terms of the will or intestacy rules.