Executor excluding benificiary

moneyistooshorttomention

LellSasha wrote: »

I thought about it but I didnt know if I would get into trouble if I did something like that...

I can't see what trouble you could get in personally.

Make sure the contact is verbal - ie nothing in writing.

With any luck those potential buyers don't realise the house should really be yours and will turn out to be nice people that will withdraw their offer as soon as they know. If they're not nice - then they will probably be put off instead by knowing all the extra hassle they would have from a "sitting tenant" sitting there in the place already.

What have you got to lose? I would think worst case analysis would be your uncle having a "hissy fit" at you. Well - "sticks and stones can break my bones but words can never hurt me" is a good motto sometimes if someone else is acting wrongfully in some way towards you and you fear verbal aggression from them for sorting it out.

missbiggles1

LellSasha wrote: »

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..

I'd think they're rather more likely to raise their offer than to drop it.

LellSasha

missbiggles1 wrote: »

I'd think they're rather more likely to raise their offer than to drop it.

raise it to more than the house is worth?? the offers are already over what the house is worth...

LellSasha

moneyistooshorttomention wrote: »

I can't see what trouble you could get in personally.

Make sure the contact is verbal - ie nothing in writing.

With any luck those potential buyers don't realise the house should really be yours and will turn out to be nice people that will withdraw their offer as soon as they know. If they're not nice - then they will probably be put off instead by knowing all the extra hassle they would have from a "sitting tenant" sitting there in the place already.

What have you got to lose? I would think worst case analysis would be your uncle having a "hissy fit" at you. Well - "sticks and stones can break my bones but words can never hurt me" is a good motto sometimes if someone else is acting wrongfully in some way towards you and you fear verbal aggression from them for sorting it out.

My initial approach would have to be written...

elsien

moneyistooshorttomention wrote:

With any luck those potential buyers don't realise the house should really be yours and will turn out to be nice people that will withdraw their offer as soon as they know. If they're not nice - then they will probably be put off instead by knowing all the extra hassle they would have from a "sitting tenant" sitting there in the place already.

Not sure how helpful it is it say the house should really be the OP's given that the will said to retain or sell - seems to me that's reinforcing their belief they're being hard done by when that isn't necessarily the case. I understand why they want to keep it, but there are other sides to the story as well.

elsien

LellSasha wrote: »

raise it to more than the house is worth?? the offers are already over what the house is worth...

A house is worth what someone is willing and able to pay for it regardless of estate agent valuations.

missbiggles1

LellSasha wrote: »

raise it to more than the house is worth?? the offers are already over what the house is worth...

A house is only worth what someone's prepared to pay for it - there are no absolutes in property valuation.

moneyistooshorttomention

Looks like it will have to be a written approach to the would-be buyers then to ensure they know the full situation.

BTW - have you taken steps to protect yourself against the brother that tried physical violence on you? eg an injunction against him never to come within x feet of you again?

It might be useful for you to contact your local Womens Aid refuge - as I dont think Womens Aid is just for battered wives and they might have some useful comments for you about protecting yourself from him.

EDIT; I can certainly understand why you want to keep the house - as there wouldnt be the hassle/expense of moving and all the expense/hassle of any work needing doing on another place. Also - had you thought of getting a lodger - dual purpose of extra income coming in and a (this time friendly) other person sharing the house with you?

itchyfeet123

moneyistooshorttomention wrote: »

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)?

If you're determined to buy the house yourself, that could be the leverage you need. Tell your brothers that if they let you buy, they'll get to keep the full 1/3 of the sale price minus remaining mortgage etc each. If not, you intend to collect from them them 2/3 of the amount you paid for the mortgage.

moneyistooshorttomention

itchyfeet123 wrote: »

If you're determined to buy the house yourself, that could be the leverage you need. Tell your brothers that if they let you buy, they'll get to keep the full 1/3 of the sale price minus mortgage etc each. If not, you intend to collect from them them 2/3 of the amount you paid for the mortgage.

That was certainly my thoughts - as part of the "leverage" I would be using in OP's position.