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Selling a half share in a house

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Comments

  • paddy's_mum
    paddy's_mum Posts: 3,977 Forumite
    I've been Money Tipped!
    Ask your Dad the date on which he is going to die.

    Do the two of them realise that if your dad snuffs it in the interval, then no sale will be taking place. What happens to all the fancy plans then?

    I wish you luck, really I do, but I think the time is here for you to get some expert legal advice if only to protect your own position.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Ames wrote: »
    Thanks, I will do.

    So to go back to my original question, is it possible for me to just put my half on the market? Because if I can't do that, it doesn't matter how much I argue and stand up for myself, I don't have anything to back it up with.


    there is essentially zero chance of any independant person buying half a house
  • dancingfairy
    dancingfairy Posts: 9,069 Forumite
    Things sound a bit of a mess in your family and you just don't need this :mad:.
    Would your sister (and dad) believe the full facts if they were put in front of them - ie if you get house price values for the local area and present it to them? Would they believe it if you got it in writing that people are buying all year round?
    I still think a solicitor is your best option. Could you get them to write a strong warning letter to your sister pointing out that she can't prevent the sale or you will be forced to take legal action against her? If you actually started legal action against her perhaps that would frighten her into some sense?
    Unfortuntately something has to give and you really need to start looking after yourself in this as you are going to make yourself ill :(
    Your sister and dad are the ones with a problem seeing logic and reasoning and you have to stand up to them somehow.
    df
    Making my money go further with MSE :j
    How much can I save in 2012 challenge
    75/1200 :eek:
  • RAS
    RAS Posts: 36,118 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Ames wrote: »
    I know I need to be strong and stand up for myself, and if I had someone in RL to support me through it then maybe I could. Even the advice agencies aren't taking any notice.

    Ames what is RL?
    If you've have not made a mistake, you've made nothing
  • GDB2222
    GDB2222 Posts: 26,494 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    CLAPTON wrote: »
    there is essentially zero chance of any independant person buying half a house

    Everything is saleable (almost). It's a question of value. The OP's half-share is probably saleable at about 30% of the value of the whole house to someone prepared to take the sister and dad on. That's a 40% discount, and that's the sort of discount HMRC have been known to accept for tax purposes in the past.

    Unfortunately, if the OP sells her half-share for significantly less than half the vacant possession value of the house, there are likely to be ructions with the benefits people. Intentional deprivation of assets etc. There was a thread on here recently about a girl who spent £18k on her wedding and subsequently is being denied benefits.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • GDB2222
    GDB2222 Posts: 26,494 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    RL is real life. As opposed to phoney life posting on a forum, I imagine.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • I want to more information about capital Tax.[FONT=&quot]
    [/FONT]
  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    The value of the house will drop as it stands there empty. As soon as you walk into a house you can tell if it hasn't been lived in for a while. It won't put off developers but it will put off families. And if your relatives want top price then they need to sell to a family, not a developer.

    If your sister insists on believing in a spring bounce, point out that it means the house will be empty for six months longer than it needs to be (and over winter at that) before going on the market. This will knock off any extra value that it gains in the supposed bounce anyway.
  • loubel
    loubel Posts: 1,053 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You mentioned before that there are estate debts that haven't yet been paid. Is there enough money in the estate without the house to pay these off? If not then you will likely find that these creditors are unhappy to wait until your dad is ready to buy the house and will expect you at the least to market it for sale once the Grant comes through.
  • Ames wrote: »
    Thanks, I will do.

    So to go back to my original question, is it possible for me to just put my half on the market? Because if I can't do that, it doesn't matter how much I argue and stand up for myself, I don't have anything to back it up with.

    I guess it isn't essential for you to actually sell your half, you just need to do enough to convince the powers that be that you are trying your best to sell it and/or convince your sister/dad that you are serious about needing to sell. You could phone estate agents to see if they would take it on or find out from the Benefits Agency whether putting your half on an online estate agency (if they would accept) would be sufficient for you to continue getting your benefits.

    I do feel for you, I think your sister and dad are being very unfair and putting you in a very difficult position.
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