Buying a deceased family members home

[Campervangirl]

Hi
We are about to inherit the family home (awaiting probate), I'm one of the people who will inherit and I'd like to buy the others out. They have agreed.
I plan to take legal advice but does anyone know what it would entail?
I'm trying to sort of "get my ducks in a row" whilst waiting for probate.
Has anyone had any experience of this?
Thanks all

As a starter, you would need to agree the valuation.

Are the contents included? If not you would need to agree who is responsible for the cost of disposal (ought to be the Estate but they might think otherwise).

If they are, you would need to agree how much you would pay for these.

You would need to arrange a mortgage.

From experience get several estate agent valuations to agree on the price as depending upon the estate value you may need to evidence that you’re not buying them out at a lower than market rate to avoid any potential tax liabilities on the estate. In our case this was probably more important as the house had been on the market a while with no serious offers.

Yes. In our circumstances, it went to auction, didn’t sell. One sibling wanted to sell. My other sibling and I didn’t. We bought my brother out. It was easy as we had a rock solid evaluation. It was all very amicable. Contents were divided up amicably. “ do you want this? , if not I’ll take it” sort of thing. This was all done after probate.

Thank you for replies, really helpful.
I'm executor so I am keen for everything to be above board.
I'm selling my house, paying off the small mortgage that is left, both houses are roughly the same valuation.
Estate agent valued mine and the family home (jumped the gun a bit there as probate is not complete but the family agreed to the valuation). Plan to get 2 more valuations.
Do you know if we would set up an agreement then transfer the family home into my name when probate has been granted?
Thank you for your help ❤️

I’d get proper legal advice on that point.

Thank you, I will do