Chattels and significant disrepair

Chattels and significant disrepair

We were engaged to assess the sale strategy for a deceased estate property with overseas beneficiaries. The property was held for 8 months in abeyance pending decisions to dispose of the property due to the serious disrepair with significant levels of chattels, rubbish throughout and incomplete renovations including damaged asbestos which was a serious safety and compliance concern. Property was not marketable in current state. Moresol arranged a full property assessment for compliance, safety and maintenance including several quotes to prepare the property for sale.

Following approvals by the estate, the initial safety rectification works were carried out, Moresol then facilitated access to the property by authorised family members to collect various chattels as required. Moresol then proceeded with the approved property repair works to prepare for sale. Following completion of works we arranged sales Agent’s marketing appraisals and submitted Agent and marketing budget recommendations to the Estate. Following approval we proceeded to appoint the sales Agent and manage the marketing program for the sale to proceed. Property was sold in 6 weeks following Moresol engagement, sale price achieved was above market value.

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Home Repairs

Date

20 July 2016

Tags

Deceased Estate

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