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The Probate process and why auction works by Declan EllisHanding the property of a loved one who has passed away is never going to be an enjoyable experience, but it can be made into an easier process at a difficult time by an established company like Auction House Cumbria. Selling through a property auction Lake District house could be the best option for you.What does probate mean?Probate is the term used to describe the legal process of proving and registering a death. This process is often carried out by a family member, close friend or partner. A grant of probate must be obtained before any assets, including property, can be distributed in accordance with the Will. It is usually the executor of the estate who will administer the estate and handle the disposal of their assets and debts.It can usually take between two and twelve weeks to receive a grant of probate, which without, you cant sell a property or transfer it to a beneficiary. However, during this time, the property can be marketed for sale if the completion is delayed.Where there is more than one beneficiary involved, the process can sometimes become complicated. Problems and disagreements can arise between the parties when handing or trying to sell a property in probate. It will ultimately be the executors decision to administer the property in accordance with the law. Disputes like whether to sell the property or rent it out will eventually have to be settled in court.Selling an estate at auctionProperties which are under probate are particularly well suited to being sold through a property auction Lake District. This is due to the fact that most people want to sell their property as quickly and easily as possible. Selling through a property auctions Lake District can not only facilitate a fast sale, which means that beneficiaries will receive their share of the estate as soon as possible, but it can also produce the best price due to an extensive marketing campaign. Probate properties that are in need of refurbishment and modernisation always do well at property auction Lake District. They often sell above the quoted guide price as buyers often look for opportunities for renovation projects. Probate properties are usually fresh to the market which can also increase their appeal.Executors regularly use public property auction Lake District for the level of transparency and fairness that they can offer as oppose to an estate agency. This transparency means that the executor cannot be accused of underselling the property or other forms of foul-play.In addition to their residential and commercial property auctions Lake District, Auction House Cumbria are experienced in handling and managing the sale of both small and large property portfolios as required and can advise you on the best way to go to market.If you have recently found yourself in charge of a probate property, then contacting Auction House for recommendations and advice could be a very sensible choice. Visit the Auction Houses website for more information and the dates of upcoming auctions at www.auctionhouse.co.uk/cumbria. Article Source: eArticlesOnline.com