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Executor excluding benificiary
Comments
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no you would not be better off. Either way results in you having a place to live in.
You need to live somewhere, as do your brothers. Your mothers legacy is a 1/3 share of her estate
whether you keep your 1/3 in your mothers house or whether you take your legacy as cash and spend it on buying another house the end result is the same, you will have a house and have received the same amount of money from the legacy.
The only difference being you would have an emotional attachment to your mother's house that you would not have if you spent the legacy on a different house.
the brothers already have somewhere else to live ...surely taking a roof from over somebody's head when they can afford to keep it and supply the correct money for those to have there 3rds makes a difference!0 -
Why do you need a bridging loan rather than a straightforward residential mortgage?0
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AnotherJoe wrote: »How on earth do you get to "less" from "about the same"
The OP said that the offers were about the same but if the other buyers dropped their offer, his would be higher, which seemed to me to mean that, currently, his offer is lower. If he had said that they were the same, I wouldn't have thought that.
ETA
Although he's now changed what he's saying.0 -
the end of your reply makes no sense to me...
if i offered 59 why would i then offer 58?
what i have offered divided between the 2 of them then times by the 3 (including my share) equals the exact amount of what the other buys have offered!!
...so what I have offered covers the same amount of what the boys would receive from this other offer. It also covers the existing mortgage and fees.
That wasn't what you said earlier.0 -
missbiggles1 wrote: »The OP said that the offers were about the same but if the other buyers dropped their offer, his would be higher, which seemed to me to mean that, currently, his offer is lower. If he had said that they were the same, I wouldn't have thought that.
ETA
Although he's now changed what he's saying.
No, she (I think?) saidIt is around about the same ..there has been no final offer so cant be sure. but going off of the value of the house my offer allow them to receive spot on a third of the value for each of them (after the outstanding mortgage has been paid)
That post has not been edited. So the OP has not changed what they saying though multiple people in this thread seem determined to misinterpret or even plain make up, what the OP has said.0 -
AnotherJoe wrote: »No, she (I think?) said
That post has not been edited. So the OP has not changed what they saying though multiple people in this thread seem determined to misinterpret or even plain make up, what the OP has said.
"Around the same" isn't synonymous with "the same" or "exactly the same" though. Why say "around" when you don't mean it?0 -
missbiggles1 wrote: »The OP said that the offers were about the same but if the other buyers dropped their offer, his would be higher, which seemed to me to mean that, currently, his offer is lower. If he had said that they were the same, I wouldn't have thought that.
ETA
Although he's now changed what he's saying.missbiggles1 wrote: »That wasn't what you said earlier.
because nobody can be sure on what their final sum will be...
the offers are the same but the fees are different so off of both current offers the value of the house and the mortgage alone they will get around about the same, as a total pay out.
As far as I have been advised fees change this...we wont have the full estate agents fees to pay if they go with my offer...we will have to cover costs so far but not FULL fees where as with the other offer they will...we cant be sure until a final offer is made on the other buyers behalf theyre offer could end up less than mine...thats is y i said around about the same...
In terms of the offers I have offered exactly the same amount..0 -
On a different tack - do you have a way of contacting these rival buyers and explaining that it's "your" house basically/you are living there and just awaiting the chance to get your offer accepted for the two-thirds you don't own
and, depending on their reaction, nice people will be put off by knowing the house is really yours. If they arent nice people and are determined to try and proceed with buying the roof over your head - then you change tack and let them know JUST how many difficulties/how much delay they will experience - ie because of you throwing every spanner possible in the works? (not forgetting to mention all the faults the place has that they would want to spend money on putting right.....).
EDIT; BTW - I hope you've deducted the cost of your brothers' two-third share of the mortgage payments you've been making on your own off the amount you are offering for the house (or thought of some other way to get their contributions toward those mortgage payments back off them)?0 -
moneyistooshorttomention wrote: »On a different tack - do you have a way of contacting these rival buyers and explaining that it's "your" house basically/you are living there and just awaiting the chance to get your offer accepted for the two-thirds you don't own
and, depending on their reaction, nice people will be put off by knowing the house is really yours. If they arent nice people and are determined to try and proceed with buying the roof over your head - then you change tack and let them know JUST how many difficulties/how much delay they will experience - ie because of you throwing every spanner possible in the works? (not forgetting to mention all the faults the place has that they would want to spend money on putting right.....).
I thought about it but I didnt know if I would get into trouble if I did something like that...0
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