Join our Q&A with Graham. If you have a property-related question, just ask!
No-one really wants to talk about wills, but it's a good idea for homeowners at any stage of life. So, let's find out the answer...
A: Well, it’s not absolutely necessary, but it would be sensible.
If you are relatively young, the whole subject of making a will may sound a bit morbid – not to say premature! Nevertheless, you have just made probably the biggest joint investment in your lives, so you want to be sure that both your interests are equally protected.
There are two different types of joint ownership...
If you own the property as ‘Joint Tenants’ – in other words, what most people actually think of as joint owners - then each of you should automatically become the sole owner of the entire property if the other dies, irrespective of whether you are married or not.
If however, you own the property as ‘Tenants in Common’, the surviving partner has no automatic right of inheritance and the deceased’s share becomes part of their estate to be distributed, in the absence of a will, according to the rules of intestacy - which in practice means that it goes to any living relatives in a laid-down order of precedence, or even reverts to the Crown.
Of course, if you are married or in a civil partnership, that doesn’t apply as the spouse automatically comes top of the list. But if you’re not, from a legal standpoint you are only co-habiting and the only recourse open to the surviving co-owner would be to buy out the deceased’s share.
To be on the safe side, I would advise making ‘mirror’ wills, which basically match and reflect each other so that each partner is equally protected. Better to be safe than sorry.
For more advice on home ownership or any other property-related matter, send us a message or call our highly experienced team on 01392 204800.
We're super excited and extremely proud to have been announced as a finalist in the Residential Agent category in the Exeter Property Awards - we've all to play for in October!
Three reasons to consider using Graham and Gemma at Robert Williams to sell your home...
1. Expertise and Experience: Graham and Gemma bring a wealth of knowledge and experience within estate agency and marketing. With their extensive understanding, they can provide you with accurate valuations, market insights, and effective strategies to sell your home for the best price. They have a deep understanding of the local market dynamics and can offer valuable advice tailored to your unique situation.
2. Extensive Network: Robert Williams is part of a wide network of agents throughout the Westcountry. By listing your property Graham and Gemma, you tap into this network and this can significantly increase your chances of finding the right buyer quickly. Their connections and comprehensive marketing channels enable them to reach a wide audience, ensuring maximum exposure for your property.
3. High-quality Marketing and Presentation: Graham and Gemma understand the importance of effective marketing and presentation in making your home stand out from the competition. They will use professional photography and videography with lifestyle videos, virtual tours, and compelling descriptions to showcase your property in the best possible way. Their attention to detail and commitment to marketing excellence will attract potential buyers, ultimately helping you achieve a successful sale at the very best price.
Overall, with their expertise, extensive network, and focus on high-quality marketing, Graham and Gemma can offer you a comprehensive, bespoke tailored approach to selling your home.
Call them now for consultative marketing advice to sell your property, for a market-leading price. Don't get lost in the crowd.
Join our Q&A with Graham. If you have a question for Graham, just ask!
This week, Graham answers a question commonly asked by sellers. And the answer is...
A: The basic rule is that you’re free to take anything that you didn’t specifically say would be staying. Make sure your agent doesn’t include anything in the sales particulars that you plan to take with you – that way, your buyer/s won’t expect it to be there when they take ownership.
Secondly and more importantly, at the beginning of the conveyancing process your solicitor will ask you to complete a ‘Fixtures and Fittings’ form, on which you are required to list the specific items which are to stay with the property. This document forms part of the legal contract between you and your buyer, so you can’t just change your mind on a whim - otherwise you are technically breaching the terms of that contract.
The one real exception to the basic rule involves the issue of safety. So, for example, while you are perfectly free to remove any light fittings which aren’t specifically listed, you are not entitled to leave bare wires hanging out of the ceiling or walls.
Things like carpets and curtains probably wouldn’t measure up to the exact sizes and shapes needed to fit your new home in any case, but needless to say, if you do decide that you want to take those after all – despite having originally promised to leave them behind – you must inform your solicitor at the earliest possible opportunity.
It’s worth remembering that the Fixtures and Fittings form also covers the garden so, if you don’t actually specify which plants and shrubs are staying, you are theoretically entitled to take them all with you. However, I suspect most people would regard this as rather extreme! If you want to dig up any specific plants and take them to your new home then make sure that it is mentioned in the forms, your solicitor is informed as soon as possible, or you have the blessing of your buyers.
If you’d like any advice on any aspect of selling a home, we have years of experience within our team. Give us a call on 01392 204800.
If you register with us, you'll get weekly property updates, a bespoke property match and we'll do our best to let you know about new properties and price reductions before they hit rightmove and zoopla.
Robert Williams Estate Agents is the trading name of Robert Williams Ltd
Registered Address: Avocet House, School Hill, Cockwood, Exeter, EX68RF
Company No. 5204787 | Registered in England