Buying property out of probate

[constellation]

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

[constellation]

Great stuff, thanks chaps.