Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Executor Sales

Options
  • 10-06-2009 9:39pm
    #1
    sunnygirl
    Closed Accounts Posts: 30 ✭


    Hi everyone - please forgive my ignorance on this one, but what is an Executor's Sale (on a house?!) - how does it differ from Private Treaty - sorry, i'm only getting into this whole property thing now and dont know the terms etc...thanks!


Comments

  • Options
    #2
    juke
    Registered Users Posts: 1,673 ✭✭✭juke


    An executor sale is where the registered owner of the property has died. If there's a Will, the executor named in the Will takes out a Grant of Probate - this Grant permits the executior to sign the transfer papers.

    This means that whilst you can sign contracts to buy such a house, the purchase cannot complete until the Grant issues from the Probate Office.

    If you are a purchaser, a question you should ask the agent when making an offer is whether the Grant has already issued, or if not, whether an appication has been made - depending on the answer, you'd have a better guideline on a potential completion date.


Advertisement