A family member died and their house is to be divided 4 ways between family members. One of the inheritors wishes to buy the other 3 out and buy the house themselves.
The house hasn't been on the market and is to be sold as a private sale between the executor of the will and the family member who wishes to buy.
A verbal agreement has been reached with the other three family members on a sum that each will be paid.
The family member wishing to buy the house is paying cash and will not need a mortgage.
My question is what happens next. Do they need a home report? Do the other family members need to agree in writing or does the executor hold all the power to sell?
How long does it normally take for the paperwork to be completed in a situation like this?