Parents house, very complicated!

[Emboo19]

I feel bad even putting this on here and it's rather complicated so apologies.
I'm 19 and have a dd, I was due to start uni last year, but it's delayed due to baby. Will be going this year instead. I live with my parents, this is the complicated part.
The house is legally mine, left by great grandma to me. My parents were young when they had me and a bit irresponsible, so my mum wasn't left anything herself. The condition being they could live in it, until I was older also some money was left in care of my grandparents for maintenance/modernisation etc!

I've always known it's mine and me and my parents get on really well, not so much a traditional parent/child relationship though. I always thought/said that once I'd finished uni, we'd look at selling the house and split the money me and my parents 50/50 or they could buy my half. Obviously I didn't plan a baby though.
I went out for lunch with my grandma yesterday and we discussed the house, she said she'd spoke to my mum and she thinks that the we will stick with selling/buying when I finish uni as I've said previously. This will mean I'll still be living with my parents when my daughters 4/5 and I don't think I want that. I've not really thought about it until my grandma mentioned it though.
My grandma thinks I need to get it sorted now and that my parents need to be responsible for themselves, she thinks I should look at getting a solicitor and getting the house valued. My mum and her parents don't have the best relationship, so she's a bit biased.
Obviously I wouldn't see my parents homeless and my mum now has a buissness she runs from the house, so needs to stay really.
Would I be horrible to raise this with them? And how do I do that? What time scale do I give them? They are not very proactive in sorting things at all!

If I didn't have my daughter I wouldn't even bother and probably wouldn't have asked to sell or for any money at all! I've now to think of security for my daughter though and I don't think I'd be eligible for any help towards housing if I legally own a property.

Thank you, Emboo - I was just thinking my own children would probably say that was a very patronising post ! Didn't mean it like that.

Em, I had very very liberal parents too and it does make the child ultimately more responsible! I can vouch for that. My parents can't understand my risk aversion at all but they've lost everything at various points although their boom and bust is currently on boom! I think you're always reacting against the mistakes you feel your parents made, that seems fairly normal to me. My kids will probably be daredevil hippies :)

FWIW, my DH and I are a couple of years older than your parents and it saddens me that you feel responsible for them - it shouldn't be that way round at all. When I look at my children, the last thing I think is that they ought to feel obliged to me for raising them. I chose to have them and therefore accept all the responsibility that comes with that. They don't bloody owe me a thing for it! It's very touching that you want to help your parents but your daughter is the only person you're actually obliged to take care of, both legally and morally. She must be your priority, no matter what. Whatever you decide to do, OP, please don't lose sight of that. (And from your posts, it doesn't seem as though your parents have ever prioritised YOU in the same way.) You sound as though you have your head screwed on the right way, so good luck with finding the way forward that works best for you and your daughter.

That's probably something I should prepare for Rogue my dd might end up just like my mum! Although I do occasionally have my wild child moments and unfortunately I seem to have my mothers taste in men! That's a bit unfair my bf's nowhere near as bad as my dad.
Thank you burblish I don't feel obliged to them as such. I definitely know my dd, comes first though!

Your parents sound cool. As does your GD

And you :) Hope GM and the bf are too

If you do buy other properties at some point I would suggest keeping them all in your name until you are a lot older as you may well end up having more children, I know a few people with nearly 20 year age gaps when they've had one young! You don't want to have irreversibly gifted your daughter a property with no provision for later children.

Why not start a property portfolio? You could be in a wonderful position in ten years.

The property portfolio is a good idea. I know a woman who is just shy of 40, she bought her first property at 19 and is now financially retired, living off the income from her properties. She does some volunteer work and her son attends one of the top three private schools in the country.

Worth thinking about.....

I wish I had had her foresight! At 19 I was too busy buying snakebite to buy a house :o

Oh and she isnt and will never marry. She said that she worked and saved too hard to be where she is now to ever risk losing any of it.

Smart lady.

I'd not thought of other children, thanks tinker
I don't even know what a property portfolio is. Think I need to educate myself.
Had a estate agent round to do a valuation today, so I've got a idea of the value now.