Buying property out of probate
Discussion
I'm looking to buy a property from a deceased's estate (which I believe has two beneficiaries), and the solicitor acting as executor to the deceased has said the property has been valued at a certain amount for probate (call it £100,000 for ease of this situation).
As a prospective buyer am I obliged to put in an offer above 100,000? Or is the probate valuation just something to put before the Probate Office/Register so they can establish how much tax / IHT is due?
Thanks
As a prospective buyer am I obliged to put in an offer above 100,000? Or is the probate valuation just something to put before the Probate Office/Register so they can establish how much tax / IHT is due?
Thanks
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