But when you come to exchange contracts, the identities of the purchasers will be known.Your best bet is to put in an anonymous bid through a different solicitor. Explain to the solicitor your reasons and requirements.
If there is such ill will in the family why on earth would you want to have anything to do with this property which no doubt will cause even more agro.
Also is it a good idea for you mother to go into business with you, for what reason? Very messy.
Plan on offering €125K for the house, which will in effect mean I only have to come up with €100K to buy out the 80% of the house and my mum holds her 20% or €25K.
Estate agents and solicitors do not normally disclose to the buyers and vendors who their clients are. When I sold a house last year, I was nosy so I asked the estate agent who the buyer was. She told me he was a single male professional who was a first time buyer, but other than that she could divulge no other details as she has a duty of care to protect her clients privacy. She was similarly vague when he asked her who I was. My side had no idea who we were selling to until closing. You should have no problem protecting your privacy in the negotiation stage, especially if you instruct the estate agent and solicitor that on no account should personal information about you be given to the other side. However, closing is a whole other ball game. Do your mother and you share the same last name? Would the other sides solicitor know who you are, just by seeing your name on paperwork? If they do, there is no way to stop them from stalling to go back to their side and telling them who you are. If they back out, you could always threaten them with losing their deposit. Or perhaps you could sign power of attorney over to your solicitor to bid on your behalf, and purchase the house on your behalf. That way your privacy is protected all the way, but the solicitor will cost you a few bob to do that.Is there a way for me to do this so that 4 siblings wont know who is involved at all or until dont know until such a time as they cant back out of the sale agreement?
Hi Folks
Its in the executors interest to allow the price fall as low as possible in order to make the property affordable for his son to purchase.
The Executor has to make every effort to have the house sold within 12 months of the person passing away. If you lodge an offer in writing, and it is the only offer, then he is obliged to take it. If his son puts in an offer and you put in a higher offer, he is obliged to sell to you.
Is there anything in place to mitigate the Executor's conflict of interest here? Could the Executor's son magically come up with a bid that is €50 above the highest bid, by pure coincidence of course.The Executor has to make every effort to have the house sold within 12 months of the person passing away. If you lodge an offer in writing, and it is the only offer, then he is obliged to take it. If his son puts in an offer and you put in a higher offer, he is obliged to sell to you.
Is there anything in place to mitigate the Executor's conflict of interest here? Could the Executor's son magically come up with a bid that is €50 above the highest bid, by pure coincidence of course.
But he could have an unfair advantage, by getting inside information on the level of bids.If he did, he'd have to buy at that price and if his is the highest bid, it should be sold to him. The executors role is to extract the max. value from the estate for the beneficiaries. It is within the beneficiaries interest to have a biddling war between two people to drive up the price.
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