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Can he force me to sell home

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  • bubblesmoney
    bubblesmoney Posts: 2,156 Forumite
    Part of the Furniture Combo Breaker
    since he knows u 'love' the house/home, he will say that he wants to sell, just so that u pay him more than market value since u love the house. i think it is just a negotiation tactic that he is using against u.

    tell him u r fed up with his attitude and want to sell too and fast because u want him to bear equal part of the loss a fast sale will bring. that will hopefully bring him to his senses fast and he might want u to buy him out instead and put u in a stronger negotiating position.

    another option worth exploring after discussing with ur solicitor (dont agree to have the same solicitor as ur expartner) is to see if ur expartner will agree to sell via auction for a fast getting rid of each other. both get equal shares of the proceeds of the sale less expenses. dont put a reserve price and say house will be sold at what ever price is bid, see if he agrees to this. if this plan works then it might work in ur favour. in private discuss with ur solicitor whether u can buy the house in auction urself via a phone bid with another solicitors (hired by u in ur individual capacity) or their assistant making bids on ur behalf. in the present market u r likely to buy the house at much lesser than market value at an auction. that way ur ex is happy that he forced u to sell but once sold thru auction he cant back out but he will get a shock later when he realises u bought thru auction urself. since bank has already agreed for u to buy him out, u shouldnt have a problem for funds for auction. this way u will be able to buy the house for a lot lesser than regular sale via EA and bonus is that u will get a clean break faster and he cant back out of sale once sold via auction. i doubt anyone else will pay more than u r willing to pay for the house. this will be cheaper for u even factoring in costs of auctioneer. but discuss this option with a solicitor first if whether it is a practical option. i know u dont want to short change ur expartner but since he wants to force u to sell u dont have easy options. i would seriously consider this option.
    bubblesmoney :hello:
  • GDB2222
    GDB2222 Posts: 26,949 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Michmele wrote: »
    The house has been valued by a surveyor from my bank, I know how much it's worth, I am a fair person and would not try to outdo someone with money, therefore there is not need to put my house on the market, he would get his fair share.

    That's a valuation for a lender, so bound to be very conservative. If you are offering your ex based on that, then your offer is almost bound to be too low. Or, at the very least, your ex is bound to think that. Like I said, it's sensible to test the market. I think you would have no chance at all of persuading a court that a valuation made for a lender is a fair valuation for your purpose.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Hi there, I should hopefully find out today what he has planned, I am beginning to think that he is just bluffing. I know he has contacted a solicitor, but when I asked him for their details so that my solicitor can contact them to confirm that I would like to buy him out, he was just very vague, and said that any offer would be rejected anyway, and I am still waiting on the details from him . After today I will consider what you have said and think seriously about my next step. Thanks again for the above information.
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