To want an easy way to sell inherited property

[Frazzledme]

One of my parents died earlier in the year and we're trying to sell the house now. Last week we had a cash offer before it went on the market, it's a good offer so we accepted it but now SIL is kicking off because the house didn't go on the market. It looks like it'll fall through before it's even started. 3 agents have agreed the price we've been offered but SIL has found an agent who says we can get £20k more. I just want to take the cash and run. The house needs loads of work and I can't take the hassle.

If I sell to my brother instead he can do what he (or SIL) likes. Has anyone done this? Is it easy to do.

AIBU to not trust the high valuation or my SIL?

You just need a solicitor and they can do the paper work.

It just a simple process as no mortgage ect is require on your side.

I’d go down hat route. Saves all the hassle.

Does mean SIL owes you an extra £10K wonder if she’ll stick to the higher valuation then?

If you sell to your brother, then he gets all the profit if the house prices rise when he sells.

Tell your sil to butt out if it wasn't left to her, but to you and your db.

It rather depends on where in the price range it is. If it's £20k on a £1m house, it'sneither here nor there. If it's £100k house, £20k is a big difference.

Are there just 2 beneficiaries to the will? If there are lots of you, £20k divided several ways doesn't sound worth the hassle, tbh. Nothing to stop you selling your share to your brother and letting him do what he wants, if he can come up with the money. And who's the executor of the will? What do they think?

In the current climate, I'd go for what's quickest, which would probably be the cash buyer (although even cash buyers can piss you about). A lot of people are anticipating a dip in prices, post-Covid and with all the uncertainties around Brexit.

Sorry for your loss 
YANBU at ALL to want to accept and move on. SIL will have been told an inflated price by an agent for them to get the property listing. I say this as an ex-agent myself, I used to see it happen a lot!
DH and I are buying DM's house and we've all agreed a purchase price based on Rightmove sold prices (NOT listing prices) and the mortgage survey/valuation due to my lack of trust with estate agents!!
Trying to get SIL to see that will be difficult though. You can sell your half to brother (assume just you and brother as beneficiaries) as a "concessionary purchase" for whatever amount you decide to agree on, this is what we're doing with DM's house, essentially buying it for half the value which will go to my DB. We're at quite early stages though so I can't comment on how easy it is. Seems straightforward so far.
I would fight your corner as much as you can to take the money and run. The property is off-market and you've been offered asking price. If it goes to open market you will nearly always be offered under asking price, as you see so often on here! Good luck

Estate agents will value on the generous side as they want your business. They probably won't get the full 20k extra. And you will have to pay their fees. There is a lot to be said for taking the money when you can (assuming the buyer looks like a safe bet). If they start to drag their feet then put it on the market.

Is SIL married to the DB mentioned. If so they can buy you out at the higher valuation

If you sell to your brother he has to pay stamp duty on your half.

Just discuss it 1.2.1 with your brother. He can be left to deal with SIL.

"BIL, I want the house sold. We need to either take the offer we've already accepted or you will need to buy my half off me"

Did your parent have a Will? Presume it will be executor(s)' decision regarding accepting an offer or not on the house. If this is not SIL - it's not her concern. You have to consider what the parent would have wanted.

Unless SIL is to get a share of the proceeds it has nothing to do with her

How much would the Estate Agents fee be if it was sold through an agent on the market?

A cash offer usually means no survey, no hassle. SIL probably doesn't value your time or your brother's time and underestimates the time and hassle that will be involved in marketing a property, dealing with EAs, and the protracted time of surveys, offers, searches, etc.

Personally I'd try and ignore sil and try and reason with your brother to list it at the price the 3 agents agreed on. If you do sell your half to your brother what happens if they cant sell it for the higher price. So for example house is valued by the 4 agents at 200k so you agree to sell you half to your brother for 100k. It is listed at 220k and sits on the market for a while and the only offer is now 180k and your brother accepts it. They now have 80k and you have 100k. Your brother took the risk so tough luck, would that be the end of it?

Is your sil usually so grabby? Is she doing anything to help with the sales process of is she just coming out of nowhere because she wants more money? Has her estate agent even seen the house?

I’d try talking to your brother about it, tell him how distasteful this is and that you need the stress of selling to spend as soon as possible.

If your brother insists on sticking up for his wife, tell him that he can deal with all of it from now on.

Who actually owns the house? If it was left to you and your DB then it is up to the pair of you to decide how to proceed.

I'm probably being dim, but how did you get an offer before it's gone on the market?

Even assuming the house sold for £20k more via the higher estimating agent, how much of that would disappear in fees?

Since when did in laws get a say in family finances?

You may or may not end up with more money if you go through an estate agent, but there will be fees to pay which you won’t have doing it your way.
If you’ve got a cash offer take it - your SIL is being grabby. The buying public aren’t daft and have a good idea how much a property is worth and if you’ve already had 3 agents agreeing the price you’ve been offered is a good one then I can’t believe anyone in their right mind would be willing to pay an additional £20,000.

Yeah. EA can get you £20k more. Complete sales bollocks to get you to sign up and part with commission for the EA. Skip the middle man, take the cash offer. Tell sil to butt out and just deal with dB. It’s none of her business.

SIL is your brother’s problem. Talk only to him, point out the saving of not using an EA needs to be considered - though it won’t be £20K.

Unless she's also an heir, it's none of your SILs business. If you and DB are happy with the price you've been offered, then take it.

A bird in the hand is worth two in the bush. I would take the actual offer not the hypothetical higher one any day of the week.

I'm sorry for your loss. I'm not really sure what it has to do with your SIL, was she named in the will?

Just to add, I'd bite their hand off at a quick offer so close to the asking price. God knows what will be going on in the world two weeks from now!

We were in a similar position this time last year.
House went on the market and we had 2 asking price offers. One of my siblings wanted to start a bidding war, but the other sibling and I said no, let us go with the buyers, who can proceed immediately (previous house sold, living in rented accommodation and all mortgage paperwork in place). So that is what we did.
This was all done via an estate agent.

Let them buy you out and they can deal with selling, it will be easier in the long run. A friend's FIL died 18 months ago, leaving the family home between three siblings. The problem is that all of them want to move their families into it and none off them can afford to buy the other two out. It has started WW3 and the house still hasn't been put on the market while they bicker.