Getting out of inherited house share

melymoos

getmore4less wrote: »

Fairly simple,

The place is getting sold.

If you want to buy it make an offer.


How far away do you live now?

About an hour or so, 70 miles

getmore4less

A little too far for some strategies.

csgohan4

Forcing him to sell will be expensive and will eat into the money from the sale, something he should consider


sadly another thread where money and family shouldn't mix and your being taken for a ride

AnotherJoe

Seems as if the answer to an extent lies with the people who make wills. I'm changing mine next month (for a few minor updates) and I'm going to ensure it says the house is sold rather than i leave the house to kids which i have a feeling it currently does (I'm not going rummaging around to see what it does say as I'll be looking in a few weeks anyway. If that was clear in peoples wills from the get go then these situations would not arise.


Hmmm..... here's a Q for the OP, what did the will say? If it directed the house should be sold but you just didnt enact that then perhaps your brother has no leg to stand on in terms of legal challenge ?

Mortgage_Adviser

How old is your brother. Would he be old enough to raise money to buy you out via lifetime/equity release mortgage?

melymoos

AnotherJoe wrote: »

Seems as if the answer to an extent lies with the people who make wills. I'm changing mine next month (for a few minor updates) and I'm going to ensure it says the house is sold rather than i leave the house to kids which i have a feeling it currently does (I'm not going rummaging around to see what it does say as I'll be looking in a few weeks anyway. If that was clear in peoples wills from the get go then these situations would not arise.


Hmmm..... here's a Q for the OP, what did the will say? If it directed the house should be sold but you just didnt enact that then perhaps your brother has no leg to stand on in terms of legal challenge ?

That we own half each of the house, no sale of it mentioned.

melymoos

Sea_Shell wrote: »

Good luck!!! Let us know how it goes.

Thank you, will do!

melymoos

csgohan4 wrote: »

Forcing him to sell will be expensive and will eat into the money from the sale, something he should consider


sadly another thread where money and family shouldn't mix and your being taken for a ride

It's so hard as we have always been close and I don't want us to fall out over it.

melymoos

Mortgage_Adviser wrote: »

How old is your brother. Would he be old enough to raise money to buy you out via lifetime/equity release mortgage?

57 so it could be an option!

scd3scd4

Ca you rent a room for you to get some income? See how he likes sharing.