Executors Beware: Your Duty Is to Get the Best Price - Not the Quickest Sale

If you’re acting as an executor, you have a legal responsibility.

Not just to sell the property…

👉 But to achieve the best possible outcome for the beneficiaries.

What This Means in Practice

You must:

• Act in the best interests of the estate
• Avoid unnecessary loss
• Make informed decisions

The Risk of Underselling

Choosing the quickest option - like auction - can:

• Reduce the final value
• Impact beneficiaries financially
• Potentially be challenged

Why This Matters

Even if intentions are good, selling below market value:
👉 Can create issues later on

Considering All Options

A responsible approach means exploring:

• Market sale
• Renovation
• Alternative strategies

Where Renovation Fits In

If a property:

• Needs work
• Is undervalued in its current state

Then improving it before sale may:
👉 Be the most responsible decision

Final Thought

As an executor, your role isn’t just to complete the process.

It’s to ensure the outcome is fair - and maximised.