Re-Selling a McCarthy Stone property

tacticalbanjo

Eldi_Dos said:

subjecttocontract said:

The father of a friend of mine bought one of these properties. When he passed away my friend then spent at least 2 years trying to find a buyer. During that time he had to continue to pay all the costs for the property.  I wouldn't touch one with your badgepole.

But was your friends father happy and comforable and secure in his flat before he passed away.Surely that is more to the point than what the final resale value was.

We now know a couple, from bumping into them in local coffee shop, who moved up here from Kent when they retired and they thourghly love their MS flat and feel they have a far better quality of life than they had before.

If there is less left as a inheritance or for a care home does it really matter, when you get to the end of the road.

It's less about leaving a smaller inheritance and more about leaving an ongoing headache. Most people just want to get the estate settled so they can move on but if you can't sell the property then you are left in limbo with service charges, ground rent and council tax bills piling up. If you need care then you are in a pickle because you're going to have to pay both the service charge on your MS flat and care home fees until you can sell your MS property. You may not be able to afford to do that.

lfc321

Surely it is the deceased's estate that is liable for the ongoing service charges up to point of sale, not the beneficiaries of the will?

Eldi_Dos

tacticalbanjo said:

Eldi_Dos said:

subjecttocontract said:

The father of a friend of mine bought one of these properties. When he passed away my friend then spent at least 2 years trying to find a buyer. During that time he had to continue to pay all the costs for the property.  I wouldn't touch one with your badgepole.

But was your friends father happy and comforable and secure in his flat before he passed away.Surely that is more to the point than what the final resale value was.

We now know a couple, from bumping into them in local coffee shop, who moved up here from Kent when they retired and they thourghly love their MS flat and feel they have a far better quality of life than they had before.

If there is less left as a inheritance or for a care home does it really matter, when you get to the end of the road.

It's less about leaving a smaller inheritance and more about leaving an ongoing headache. Most people just want to get the estate settled so they can move on but if you can't sell the property then you are left in limbo with service charges, ground rent and council tax bills piling up. If you need care then you are in a pickle because you're going to have to pay both the service charge on your MS flat and care home fees until you can sell your MS property. You may not be able to afford to do that.

My limited understanding of it is when it gets to the stage that care is needed that a case worker would deal with the issues you mention, but would be interested to know if that is correct.