Why use us

What makes us different?

Probate.Auction are disruptors to the auction market, not in the sense that we have  changed the auction model as it is tried and tested and works. However, we believe that we will disrupt the market by becoming the “go to” place to sell probate property for executors and administrators.

The real disruption is to the current process of using an estate agent who currently receives the lion’s share of probate property sale instructions. This process is slow and prolonged (averaging 26 weeks) and invariably reliant on chain buyers, mortgage offers or simply a change of heart by the buyer. Such properties are often sat on the market for months on end because the pricing is unrealistic. We stand by the fact that the reason a property fails to sell is only ever price related.

How long will it take?

Our process will take 9 weeks to sell your property from start to finish, which compares to an average of 26 weeks (and in many instances considerably longer) should you use a traditional route of sale.

Who we sell to?

We use all main online property portals and have a database of over 200,000 buyers from investors to owner occupiers and everyone else in between. This allows the property to be offered to a much more significant and wider market than the traditional estate agency route.

Nothing is hidden

The process allows complete transparency for the Estate and removes the prolonged process of selling through conventional estate agents impacted by chain buyers, mortgage lenders and/or a complete change of mind from the buyer sometimes at a late stage. Our process leaves executors and administrators reputations and integrity fully intact.

Auction is final

When the hammer falls, the property is sold, more often than not achieving higher prices than local estate agents who have a small database in comparison of potential buyers. New “would be” buyers will come through our portals and enquiry lines and can easily purchase on the day of the auction. We have made that process easier by providing a 3 week viewing period prior to the auction and a 6 week completion window, allowing buyers time to arrange their funding if required but whilst committed to the property by contract.

Executors and administrators will benefit from complete clarity, avoiding estate agents fees and of course estate agents constantly chasing and pushing often over many months. It is the responsibility of Executors / and Administrators to do best by the Estate, however with interest to pay on inheritance tax, and rising empty property costs, closure for distribution can be exceptionally important to those inheriting.

Why Probate.Auction?

The reason is simple. The property is listed on all main portals, and sold when the hammer falls within a fraction of the time of a conventional sale. The regularly seen delays and costs associated with a sale by estate agents is removed. An arm’s length transparent sale by our advertising methods followed by a public auction means the ultimate sale price cannot be successfully challenged because you have sold through Property.Auction giving peace of mind to executors and administrators and this is why Probate.Auction was created.  

Auction has been the preferred route of disposal for receivership and mortgage lenders, Local Authorities, Housing Associations, institutions such as the NHS, Metropolitan Police amongst many others for decades. The Probate Industry should be no different.

The Background

The founders of Probate.Auction have been at the forefront of the UK property auction market for over 20 years, having been involved in buying and selling properties at auction as well as running existing and current auction houses. 

We are acutely aware of the issues with the time and process of selling probate properties and the frustration that this causes. We therefore identified the need for a bespoke auction company and portal which led to the birth of Probate.Auction. 

We are ready and willing to help guide you through the process, in order to achieve the best and most efficient outcome for your estate and/or clients.

The Benefits

Less than 5% of all properties sold by public auction in the UK, are properties that have fallen into probate. Probate.Auction identified a gap in the market and an inherent need for a ‘probate only auction’ that exclusively deals with properties that have fallen into probate/administration. 

An auction disposal enables an estate to sell property in a transparent and convenient way. Probate.Auction is the first of its kind and is dedicated to offering a seamless and streamlined process relating to all aspects of probate property disposal. The process allows for early distribution of the estate’s assets and at the same time aiding Personal Representatives to sell probate property for the best price reasonably achievable. That is all the more poignant now due to mass delays at the Probate Registry.

We have an unrivaled understanding of what properties are best suited for auctions. Properties requiring modernisation or properties that may be problematic with issues such as structural defect, short leases or occupier uncertainty do significantly better in an auction environment than via traditional estate agency. 

The simplicity and speed of auctions are perfectly aligned with the requirements of a Deceased Estate’s property. As a professional executor or a professional acting for estates, time is in short supply and dealing with multiple calls from conveyancers and estate agents on multiple files is a pitfall of the job, but an essential one to reach a successful sale.

At Probate.Auction the process is straightforward, efficient and completely transparent and as such an estate administrator/executor’s integrity can never be in doubt. The property is placed in auction, legal documents uploaded and the rest falls on the hands of the auction house. Interest is generated via all property portals (Rightmove, Zoopla and Essential Information Group) and to the existing database of over 200,000 people, a much wider cache than through a local high street estate agent.

• No lengthy delays. 
• An average of 9 weeks from instruction to completion of sale.
• Resulting in an expedited distribution to beneficiaries.
• No unnecessary costs incurred as a result of prolonged sale processes, like council tax or utilities.

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    Who we work with:

    Executors, Administrators, Solicitors and the Family and Beneficiaries of the Deceased.