Finance options to buy out siblings of our inherited ihouse

user1977

allroundgoodguy said:

user1977 said:

Why not just sell now and haggle with brothers about how it's split?

Thanks.
It's been on the market a year. We're 3 equal administrators.
They're pretty stubborn. The middle  brother is blocking and happy to wait it out, doesn't need the money, (maybe there is a grief thing about dealing with it too), probably deluded about the market value and won't reduce the price much etc. So far, we've tried to get all agreement but it's been 3 years in October. We've actually sold it twice but the buyers could not raise all the funds.
It's incredibly frustrating.

Because it was overpriced?

Do you have any agreement in principle about what the brothers would take from you if you were buying them out?

allroundgoodguy

theoretica said:

If both your siblings are willing to sell, but disagree over the price - wouldn't it be simpler to give the money to your siblings rather than to a bank? Eg If sale completes in 9 months I will give you £12k each? 

Yes, it would. Thank you that could be a way out.
It's been very stresful so not it would seem I've not seen the wood for the trees. 
I know they might still not play ball, but it might just entice them out of their mindset.
And your suggestion will be the same/cheaper net cost if I fight or get a loan.

Seems obvious now. Thanks very much. I really appreciate it

allroundgoodguy

user1977 said:

allroundgoodguy said:

user1977 said:

Why not just sell now and haggle with brothers about how it's split?

Thanks.
It's been on the market a year. We're 3 equal administrators.
They're pretty stubborn. The middle  brother is blocking and happy to wait it out, doesn't need the money, (maybe there is a grief thing about dealing with it too), probably deluded about the market value and won't reduce the price much etc. So far, we've tried to get all agreement but it's been 3 years in October. We've actually sold it twice but the buyers could not raise all the funds.
It's incredibly frustrating.

Because it was overpriced?

Do you have any agreement in principle about what the brothers would take from you if you were buying them out?

I haven't broached the subject yet, but based on the two previous accepted sold prices I do have a rough price I think they will be looking at.