ChatterBank1 min ago
solicitor.. house sale .. executor
2 Answers
If a solicitor is appointed executor can they sell a house themselves ie not advertise or sell through an agent
Answers
Best Answer
No best answer has yet been selected by daveprince. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.They have the same duty as any executor, that is to act reasonably and in good faith in administering the estate. They are not bound to sell assets of the estate in any particular way. It's a matter for them how best to discharge their duty . They should get a reasonable market price, but how they do that is for them to decide. It may be better to sell without using an agent or even to do so without advertising, if they have got proper and competitive bids from genuine buyers without. They couldn't be criticised if they get a full cash offer at the current market rate from a bidder whom they know is certain to complete quickly and without problems, rather than waste time and expense on doubtful offers.
If the property is in Scotland they wouldn't usualy use agents anyway; there solicitors act as estate agents, the system being different from ours in England and Wales.
If the property is in Scotland they wouldn't usualy use agents anyway; there solicitors act as estate agents, the system being different from ours in England and Wales.
-- answer removed --