Buying someone out

[Sillymum83]

Hi all,

I want to buy my partner out of the house. He agreed for me to get an estate agent round to value the house and I said I would arrange for him to have 50% so he can leave.
He then tells me because the house needs work doing to it, if he is not happy with the valuation, he wants to get work done to it first and then see. Is this allowed?? House prices will always go up and down and him wanting to do this will result in him hanging around for many, many more months or even years! The house needs a lot of work.

Could it be a delaying tactic from him, or a way of preventing you from being able to buy him out – kind of pricing you out of the market? Especially with interest rate increases.

You could ask the estate agent for a best estimate of value if the work was done. It might not add significant value -v- the cost of the work being done. Is the work cosmetic or structural? Could you afford to get it done afterwards?

I could understand him wanting the work doing if you was selling up and splitting it 50/50 to both move out but there seems little point if the work and upheaval would cost more than the increased value of the property.

Is he afraid you'd get the work done after you'd bought him out then sold it on at a profit that he won't benefit from?

I'm not planning on selling the house at all, he says he wants to maximise the money he will get.
So yeah I guess he is afraid of not benefiting from the potential cost.
The house needs full plastering, new kitchen and lots of cosmetic work. That's £££ and a lot of time he plans to still be here making my life a misery just so he can get more money

Hello all,

Myself and my ex partner separated and the agreement has been that I would buy them out of the house.

We had separate valuations done and could not settle on the same figure and therefore required a third party estate agent that we both agreed upon to complete the valuation which we were told we were both ‘bound by’ as it was a court order valuation - no matter the outcome.

This figure came back in my favour and I am still agreeable to buy my ex out of the property however, they are still unhappy with the valuation and have threatened court for an order of sale to have it placed on the market.

can they do this ? If so, were would I stand in my chances of being able to buy them out ?