what would you do?

paradiddle_2

I've split with my partner earlier this year (her choice with crazy reasons) and we're still living togethe (she refuses to move out, I need my equity share to be able to buy). We've been in the house since Autumn last year.

I can afford to buy her out, as its mainly in my name, but she can't afford to buy me out. Her family have told the ex-OH that if I buy the house, they'll kill themselves. SOOOOooo....!

The house has been on the market for two and a half months at top money (again, her choice and hence only two viewings) and I'm fighting to get it pushed down through my solicitor, so I can get rid of them. Need I say, the family, are a nightmare.

What would you do or advise? wait until it sells; or wait, perhaps take a hit and buy it out later in the year if it doesn't go by -say- July; or push to buy it out now; or have another idea?

jammie*dodger

Sounds like you need to make her want to sell it quickly. Maybe bring home a girlfriend once in a while? Maybe a party or two?

Is this your wife? If so would divorce force a sale?

SquatNow

If the property isn't selling then it must be overpriced.

She beleives it is worth £xxx. The market thinks it is worth less. The market is right, she is wrong. She needs to lower her price until it matches the markets price.

At this point I would get solicitors letter telling your wife that you require the price to be dropped and if she doesn't drop it and the house ends up being sold later for far less, you will hold her responsible and sue her to recover your losses.

Possibly demand that either the place be sold at auction or allow her/her family to buy you out at a discount from the price she is hoping to get.

So if she's hoping to get £200k, and there is £100k equity split 2 ways, then instead of £50k, she can have your share for £30k. Sounds bad for you but if you try to wait out the market you will lose. If you let her buy you out she'll be the one in 2 years time with negaitve equity.

paradiddle_2

nope, not married; and I can't change her (their) mind easily, as they are doing all they can to spite me (contacting my clients spreading lies about me etc etc) just because I can afford a house and the ex cant. As I said, the family are a -total- nightmare, and not ruled by logic or reason. I've had to threaten each of them with legal and civil action a number of times in the last three months through my solicitor. My main concern is to sell the house FAST, in these difficult times for sales.

She has already had a bloke over to stay, would you believe.....!

PasturesNew

What on earth did you see in her in the first place...?
Surely over the years you'd worked out she was a nutter before you came up with the bright idea of buying a house together.

The only way out of this is to put it for sale at a cheaper price than it is. You need to have a word in the Estate Agent's ear and ask him to phone up to make an appointment with you both. Then to come round and give you doom/gloom news and suggest the price is dropped, and point out that his bill would need to be paid if you tried moving agent (all lies, which you're in on). And you agree with them... and encourage her to see the sense.

And hopefully that way she'll agree to dropping the price.

As you bought last autumn you'll be out of pocket, but there's nothing you can do about that.

Next time, have psychiatric reports done before the first date!

paradiddle_2

yes, I know they're mad - point taken! Their beef with me is that its ruining the daughter, but not me (I've made a very good career for myself) hence the crazyness.

The suing idea is interesting. I'll mention it to my solicitor, who is working on the price drop asap. I'm happy to take a hit in the pocket just to get away from them.

So the consensus is not to buy then; I should go for the sale - asap?

PasturesNew

Yes. Sell, sell, sell.
Then
Rent, rent, rent.

Oh - and don't go dating any batty women.

nelly_2

I want to know what the 'crazy reasons' are now

SquatNow

PasturesNew wrote: »

What on earth did you see in her in the first place...?
Surely over the years you'd worked out she was a nutter before you came up with the bright idea of buying a house together.

Bet she's got big knockers and can suck an orange up a hosepipe.

:rotfl:

paradiddle_2

wrong - on all counts SN.

The reasons stem from four words; Menopausal-Monster-In-Law!

PasturesNew

paradiddle wrote: »

Menopausal-Monster-In-Law!

And you've only just bought a house?
Was she an older woman?


We're nosey here, but honest (and not at all batty).