Hi all,
We've just got our offer accepted for a deceased estate. My solicitor told us that sometimes it may take 3 months or more to get settlement through due to probate procedures, etc. The contract however states that the settlement is 42 days from the contract date.
I'm just wondering what are the chances of a long delayed settlement? Also, if the settlement takes longer than the 42 days, will the vendor pay any penalty to us? Anything else we should be aware of when buying a deceased estate (apart from checking whether the person passed away in the property)?
Many thanks.
What's the problem if the person passed away in the house? Your solicitor should be able to ask the vendor's solicitor where the probate application is up to.
crj wrote:What's the problem if the person passed away in the house?Asking whether the person passed away in the property is a common question asked by many whenever I go for inspections at deceased estates.
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