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Inheritance/sale of house

5 replies

whatdoyoucallthat · 08/05/2020 07:26

Our mother died 6 months ago and now we (I and siblings) need to sell DM's house. One sibling lived close to DM, so has Taken Charge. I live a long way away. Obviously, lockdown is hampering lots of things to do with sorting the house out. So far, the sibling who lives nearby has turned down 2 offers they considered to be too low (without consultation), and accepted one higher offer which has now fallen through. We need this sold before the bottom falls out of the housing market. I think it doesn't matter how much money the others think we should wait for, we need to be accepting at least one of the offers that are matching what the estate agent said to expect. I've asked my siblings to buy me out at the latest lower offer that Sibling 1 turned down. They have ignored my request.

Can anyone tell me where I stand on either getting them to agree to buy me out? Is it worth getting a solicitor involved in any of this? We're not talking millions here.

OP posts:
JellyfishandShells · 08/05/2020 07:28

Is the sibling dealing with this the executor ?

whatdoyoucallthat · 08/05/2020 08:38

We're all executors. Does this have an impact?

OP posts:
Soontobe60 · 08/05/2020 08:42

If you're all executors you all have to agree. Send a group message out to everyone asking them to agree on a reasonable price you are willing to accept for the property. Make sure you bear in mind the market value of the property. Once that's done, instruct the EA to accept offers at that price.

whatdoyoucallthat · 08/05/2020 09:00

My siblings agree with each other that a reasonable offer is one that is several thousands higher than the advised pre-lockdown market value. I am outnumbered and outvoted.

OP posts:
Neverending2020 · 08/05/2020 17:43

They need to read the news re house prices probably going down. Source some articles and send to them.
Alongside that list the ongoing costs of empty property - higher insurance, council tax possibly doubling after a period of time etc etc.
No emotion. Just pure hard facts to ponder over.

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