Good afternoon all,
Somebody must be in a similar position or have experience of this…
my dad passed away, leaving his house (as well as other assets of a similar value) to myself and my two sisters. I am buying the two of them out of their shares. I have come to get quotes for selling my house as we’ve accepted an offer and the solicitors are all saying we need to buy my Dad’s house as we would any other and, (and this part stings) my sisters and I will have to instruct a solicitor to sell the house to me. So I’m in effect paying to buy and paying to sell the same house. Surely in this situation there’s a different way. Can’t we just transfer ownership? I know we’d have to have that legally sorted but it wouldn’t be as much as conveyancing fees.
I would be very greatful for any advice/experiences!