Sell an inherited property fast for cash
No need for renovations or clearance
- Fastest sale 7 days
- Average sale in 91 days
- Average offer is 81.77% of value
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With the average house valuing at around £290,000, inheriting a property can be seen as a welcome gift, allowing you to release some much needed equity to fund your next adventure. But, with the average house sale taking around 185 days to complete via an estate agent, the costs related to the sale do pile up, and you will be left waiting for the property to sell.
If you are looking to sell your inherited property fast – then you are in the right place. The Property Buying Company is here to help. We can buy your home as fast as 7 days, but our average sale for inherited properties is 3 months, which allows you to get your plans in order.
Because we are able to buy your property ‘as-is’, there is no need to remove any furniture or pay for renovations, and we will cover all your legal and selling fees!
We buy in half the time
Assuming the property has already had probate granted, and you, as a beneficiary have inherited the property, then you could be looking at a further 185 days to sell your property through an online or high street estate agent.
This being said, estate agents aren’t the only selling method available to you – there are also property auctions, selling privately, and of course, selling to cash buyers:
| The Property Buying Company | Selling privately | Property auctions | Hybrid estate agents | Online estate agents | |
|---|---|---|---|---|---|
| Time to sell | 91 days (average sale) | 6 to 12 months | 4 to 8 weeks | 2 to 4 months | 3 to 6 months |
| Selling price | 81.77% (average offer) | 95% to 100% market value | 70% to 90% of market value | 95% to 100% market value | 95% to 100% market value |
| Cost | Free | £1,000 to £5,000 in selling fees | 2% to 3% of sale price, plus legal costs | Free | £300 to £1,999 fixed payment |
| Certainty of sale | High: 99% sale guarantee | Moderate | Moderate | Moderate | Low |
| Pros | Extremely fast sale, where they handle all the paperwork & solicitors | You have full control over the process and can negotiate directly with buyers | Competitive bidding can drive the price up | Combines online marketing with traditional estate agent support | Lower costs compared to traditional estate agent |
| Cons | Won’t receive full market value | It can be time-consuming and stressful without an estate agent | The sale price can be unpredictable | Won’t always get full market value | Less hands-on support |
On average, we can buy your inherited property in as little as 91 days - that’s more than half the time it would take to sell with an estate agent. In fact, in the grand scheme of things, our inherited property purchases don’t even account for the slowest types of properties we buy!
If your property is still within the probate process (i.e. the estate has not been distributed), then we do have these guides which may be more helpful:
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We’re honoured to have been featured in the media by several leading outlets and major publications
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How do you sell for cash?
Selling an inherited property through our cash buying service, is very similar to selling any other kind of property. You sign up, we give you an initial cash offer, visit your property, make a formal offer, get a RICS valuation, and then exchange and complete - easy right?
Well, yeah! We live and breathe cash deals every single day and just because your property has been through the inheritance process, doesn’t mean it complicates the process any more or less for us.
Our cash offer
On average, we offer around 81.77% of the market value for inherited homes. Obviously this will largely depend on the condition, location and market conditions – but we do everything we can to ensure that our valuations are fair and competitive.
We are able to do this, using our three-point valuation process:
Free cash offer
Using our own market analysis, comparable properties on Rightmove & Zoopla, and local market insights we will give you a ballpark, no-obligation cash figure.
Formal offer
We will send one of our Regional Managers over to check the property, make sure it matches up with what we have on it, answer any of your questions, make sure you’re real, and confirm our cash offer.
Our formal offer will be given to you as a contract pact, with all the details you need to know about our process, how to get in contact with us, what our obligations to you are, and of course, how much we will give to you in cash.
Even at this stage, as long as you haven’t signed our contract, you can decline our formal offer, allowing you to pursue other selling opportunities.
RICS valuation
We will then get an independent valuation for your property – which is important as RICS surveyors make sure our valuation is unbiased. If there are any discrepancies, then we will adjust our offer so all parties are happy.
You won’t have to pay for any of these valuations, as they are just part of our onboarding and due diligence process. But, hopefully they will help put your mind at ease, and ours too!
Does the location matter?
Not at all – although our average offer for inherited property differs slightly depending on your location, we mean it when we say “we buy any house, in any location, in any condition.”
For example, in the West Midlands we offer 79.73%, in West Yorkshire we offer 79.94% on average, and in Greater Manchester we offer 80.98% on inherited property.
We spoke to our CEO and Co-Founder, Jonathan Christie about why there are regional differences in our cash offering, and he said:
“In some cases, it will depend on how many properties we’ve had in those areas, for example, the West Midland accounts for 6.61% of our inheritance property enquiries, West Yorkshire accounts for 5.7% and Greater Manchester only accounts for 2.44%. Obviously, with the more property enquiries we have, the bigger the difference of overall property valuations we have.”
“But, in other cases, the markets might be significantly different - like in the case of London, where our average offering sits at 80.18%, but the average price offered is £517,368 which is vastly different from the West Midlands’ £172,876. You just can’t compare the two as a whole, which is why we like to look at things on a more location to location basis.”
We operate nationwide, across England and Wale. It doesn’t matter if you have inherited a detached farmhouse in rural Snowdonia, or an apartment in the centre of Birmingham – we will offer.
This being said, here are some of the most common areas we buy inherited properties:
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A sigh of relief
For many of the people we have bought inherited houses off in the past five years, our cash buying service comes as a ‘sigh of relief’, as they can completely skip the entire estate agency process, having to wait for buyer mortgage approval, or the long conveyancing timelines.
But sometimes, our offer doesn’t quite align with our customers – which is totally fine! The good news is that we have different routes to sale, including an online estate agency, property auction and property investor network. All of which means, we can meet you at different price points - although the average sale is a little longer.
But, don’t just hear it from us:
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In 2023, Carys had inherited her husband's property in Reading after he passed away, it was tenanted but they were moving out. The property had no back garden, and was ‘back to back’ – wasn’t ideal for an estate agency sale.
The challenges:
No garden made it challenging for finding buyers.
The tenant was in the process of moving out.
The outcome:
We sold Carys’ house in 2 months and 8 days.
She received 93% of the market value through our online estate agency.
The tenant moved out without issue using our guidance.
FAQ's
Do you need to worry about taxes?
By the time you’ve inherited the property, the executor of the estate should have already paid the Inheritance Tax due on it. But, if you decide to sell your inherited property and it’s not your primary residence, then you may need to pay Capital Gains Tax.
Do you need to secure the property?
Again, the executor of the estate should have secured the property while it was going through probate, but now that it is your ownership you can make further improvements. This could be anything from adding CCTV, Ring doorbells (or equivalent), and making sure the property is locked and secure.
What if the inherited property is tenanted?
If the property still has tenants in situ, then the process becomes a little more complicated, luckily though, we deal with tenanted properties too! You will need to inform the tenants that you wish to sell the property, while following any existing tenancy agreement.
Should you do any renovations?
It really depends - we will buy your inherited property as-is, but if you want to modernise the property before selling, you can. We would recommend that you do seek the advice of an architect or even an estate agent, to see if the suggested renovations will add value to the property.
Additionally, although not necessary, if you wish to clear the house out & give it a fresh lick of paint, it won’t hurt the process.
Where do we get our data from?
Here at The Property Buying Company, we are very lucky to have a database which records all of the enquiries which have come our way over the last 13 years of business. From which, we can measure all kinds of key metrics, including how much we offer, the reasons for sale, where we offer the most, and what kinds of properties we offer on.
We will never post someone’s personal information, and follow very strict GDPR guidelines to ensure that your personal data is kept confidential.
If we use any external data, we will source this within our content.
Our selling inherited guides:
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