Ponty
pfm Member
Yeah, a generalisation but the process can be messy (not the property), i.e. it's put on the market before probate has even been granted and you find that out months after delays on the promise that'll it'll be coming soon (rarely does). But if it all goes well it can be great.
It can indeed be messy. I bought a probate a couple of years ago. The executors were delusional over the ‘value’ so ended up chasing the market (at the time) down. My cash offer 35% below silly asking price was eventually accepted. Turns out the place had an equity release agreement on it. If they’d priced realistically in the first place, they’d have saved a years worth of rolled up interest and ongoing costs.
Meanwhile the markets seem back to normal after the US inflation scare. God knows what will happen when IR’s actually start increasing.