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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Probate sale

88 replies

MyEyesHurt · 21/05/2023 10:15

IABU because it's absolutely none of my business but I just need to vent.

Grandma has died. Her house passes to her two daughters but also four step children, so the house must be sold and will go six ways. I'm told this is fair because her husband had put more money into the purchase, which I'm a bit suspicious about because when she married him aged 70, i know how much her previous house sold for. However, that part is none of my business, maybe she spent the money on biscuits. I don't know.

Anyway mum, joint executor with her sis, said she would put it on sale on the open market and asked the solicitor to do so. Auntie had the keys and solicitor asked auntie for them for viewings.

Before the keys were handed over, my cousin has made an offer on the house, of below what my grandma paid for it back 17 years ago. Similar sales on the street are about 60k-90k higher than this offer.

Mum had anticipated this and had decided to get it valued anyway for fairness.

Fast forward to now and my cousins offer has been accepted by the 6, as one of the step sons argued that they could save on estate agent fees that way. They also argued that the market has cooled.

If is absolutely not my business. The money will not be passing to me.

However in the back of my mind it feels like my cousin has just scored a huge discount on her house - which I shoukd be happy about, what's wrong with me? And the six all get a little less that could have been passed on to all the grandkids if they weren't that in need of it, though I'm sure they would all find uses for an extra 10k :-)

For context this is coming from me having seriously struggled to buy a house 5 months ago. My work hasn't been doing very well so I've been really cutting back, as in no new clothes for me for a few years.

So to the point:
I am definitely BU so I don't need MN to make me feel dreadful, and I haven't acted on my opinion at all. but what I do need is ways to bloody get over myself and forget it. Any tips please?

Last bit of context, I see the cousin next to never and she has me on restricted settings on fb, so we're not really close. That doesn't mean I don't like her, but I'll realistically never go to that house again, same as if it had sole on the open market.

OP posts:
MyEyesHurt · 24/05/2023 10:12

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Four of them have no link to the cousin, and a fifth never sees the cousin.

You are very heavily invested in this thread. I wonder why. You've said you think I'm crazy, so why are you still here?

OP posts:
MyEyesHurt · 24/05/2023 10:13

springtome · 24/05/2023 05:49

@Aslanplustwo The aunt who is an executor is the one who's daughter wants to buy the property at a huge discount. So OP's mum is being pressured by a fellow executor and because the rest of the beneficiaries agree, she doesn't feel she can say no.

A new piece of information has come to light, it seems the son of the neighbour wanted to make an offer but changed his mind thinking it would be too expensive. If only he knew the current offer as he'd be gutted if it turns out he could have tried for it.

OP posts:
MyEyesHurt · 24/05/2023 10:14

ThankmelaterOkay · 24/05/2023 06:22

I wouldn’t say the market is fucked, per se.

The market is flooded with probate properties that haven’t been updated since the Queen’s silver jubilee, yet priced like they are dream homes.

This particular one dates to 2006.

OP posts:
Sirloinwithlove · 24/05/2023 10:16

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catsnhats11 · 24/05/2023 10:17

In a nutshell it's free money and most people in this situation want instant gratification, ie. they'd rather have, say, £40k now than wait for £50k in a years time.

NoSquirrels · 24/05/2023 10:24

You feel like your mum has been shafted twice - once by her mum/your gran giving away more of the value of her original home than she should have (I think this is bogus and you should forget it) and once by her sister/your cousin because she’ll be getting less than the house is actually worth.

In addition, your own recent house buying stress makes it feel more personal to you that your cousin isn’t having to do the same. Life’s not fair etc.

I don’t know how you get over it without just getting over it in time. If your mum’s happy, ask her not to discuss it with you? Then you’re not poking the wound.

MyEyesHurt · 24/05/2023 10:25

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You're pretty nosy 🤣

Five months ago we moved from a small, 2 bed flat. I have two children and a husband so we were over crowded. We needed a larger property and also wanted to be closer to family so the step up in price was huge. It was a real struggle and we spent the winter with a broken boiler. It was hell with small children.

Meantime, grandma dies, fast forward to now, and cousin who goes on a lot of foreign holidays, gets a cheapish house.

I have founs work part time helping out at a company that needed an eirc and pat test for their business premises. It's an admin based position, but also office management.

OP posts:
MyEyesHurt · 24/05/2023 10:26

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You haven't got to be unkind though.

OP posts:
IamtheDevilsAvocado · 24/05/2023 10:30

HappyHolidai · 24/05/2023 08:41

The cousin is getting a £60k gift from the estate and the OP isn't. It may not be illegal but I can entirely sympathise with the OP in thinking it's hugely unfair.

Exactly this...

These CFs get away with massively shit behaviour as people arr unwilling to 'cause a rift'... As if being ripped off isn't likely to cause one!

Technically the cousin can buy and sell the next day for 60k + more.... That sounds fair 🙄.

The executors NEED to do their job properly... Unless Granny's will said - 'please give my granddaughter 60k more'.

Sirloinwithlove · 24/05/2023 10:38

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Lovetosquanderpromise · 24/05/2023 19:26

MyEyesHurt · 24/05/2023 10:13

A new piece of information has come to light, it seems the son of the neighbour wanted to make an offer but changed his mind thinking it would be too expensive. If only he knew the current offer as he'd be gutted if it turns out he could have tried for it.

How do you know this? Can you let him know the situation? Do you want to?

Hankunamatata · 24/05/2023 21:51

They should get 3 valuations. Then I'd probably say 10k discount to the cousin for ease of sale

MyEyesHurt · 28/05/2023 10:05

Lovetosquanderpromise · 24/05/2023 19:26

How do you know this? Can you let him know the situation? Do you want to?

It would effectively mean going behind my parents' backs and isn't worth the bad feeling. I just need to move on.

My parents talk of not causing a rift, but realistically, I am unlikely to see this cousin again and this situation hasn't warmed me to that side of the family. If it were me in my cousins place, I wouldn't go about it this way as I would be telling myself it would cause a rift. Essentially, our side is scared of a rift, my cousin is not. There won't be a vocal rift, but there is some (not loads) bad feeling on our (my) side.

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