Late fathers House selling

getmore4less

scopex40 wrote: »

Three Months ago my father passed away after losing his battle with illness.

My sister was made executor of dads will and is supposed to be dealing with his estate.

The will states the house is to be sold and the money divided three ways. I have offer to buy my sisters out by paying the market value and I would become the owner of the house.

Sisters have refused to sell to me because the see it as me gaining. They are putting the house on the open market via an estate agent and have said even if attempt to purchase through estate agent they will not sell to me.

Can the estate agent or sister stop me from purchasing my late fathers home ?

Selling through estate agent will cost more in fees. Will I be able to stop the fees coming out of my share of the house if it sold on the open market?

I have spoken to fathers solicitor but the unable to advise because conflict of interest.

How do I proceed?

Will you need a mortgage?

G_M

I suspect there's more to this than meets the eye.


But given the apparantly sour relations within the family, I'd forget this battle, and the property, wait to receive your inheritance, and buy elsewhere without the hassle.

sleepymans

G_M wrote: »

I suspect there's more to this than meets the eye.


But given the apparantly sour relations within the family, I'd forget this battle, and the property, wait to receive your inheritance, and buy elsewhere without the hassle.

I agree with what this poster says.
No one house is worth aggravation in the family. You seem to be in a better position than your siblings.....be thankful and move along without causing them resentment.

scopex40

Others have suggested I move on to avoid resentment. But why should I stand aside and allow my sister to ride roughshod over me due to her lack of progress in life and unwillingness to work

I am in a better position than them and want to secure the future of my children and grand child.

davidmcn

scopex40 wrote: »

I am in a better position than them and want to secure the future of my children and grand child.

Why can't you buy another house?

scopex40

The house in question is two doors away from my house. I guess some of you are right to suggest I purchase another house. Just don't see what wrong with purchasing my dads house.

dimbo61

If you buy " dad's " house on the open market you will end up paying estate agents fees and if you already own a property 3% extra stamp duty on the FULL sale price even though you already own 1/3 of the property.
Madness.
Speak to a solicitor

Slithery

scopex40 wrote: »

Others have suggested I move on to avoid resentment. But why should I stand aside and allow my sister to ride roughshod over me due to her lack of progress in life and unwillingness to work.

Because it's the easiest, less stressful solution for you.


I'd just take the money and be done with it. Fighting this is just going to cause you avoidable stress.

davidmcn

dimbo61 wrote: »

if you already own a property 3% extra stamp duty on the FULL sale price even though you already own 1/3 of the property.

I don't think that's right - the consideration for SDLT purposes is just going to be the net price being paid to the other beneficiaries.

scopex40

Thanks for the advice folks