I inherited the family home 3 years ago jointly with my brother. It is my permanent home since I moved home permanently in 2014 to look after my mother, now deceased. My father also deceased. My brother has his own home.
There is no mortgage on the property. I live on the ground floor and we receive shared rental income under rent a room scheme. I look after everything including maintenance etc. I also paid for total revamp of my space incl new gas boiler etc. which is ongoing, so far 40k outlay.
For the past 2 years, I have been asking him to sell his half to me. I have another property to sell which will provide sufficient funds, that is, if both deals happen in tandem. He keeps giving mixed messages.
Firstly, he will sell if he gets a fair price. I suggested 2 valuations each and find a fair price in the middle. Then 6 months later we said he was going to move in and buy me out. Personally, I think he was calling my bluff unless he really can afford to. Then another row and we both agreed he should seek legal advice.
The latest he said today is
1) he can take as many years as he wants to decide
2) he will move in and buy me out, he said he has enough savings when I asked.
3) he doesn't want to sell his half. When I pushed him, he has agreed that he will tell me within 6 months of his decision.
To be honest, I feel he is playing mind games and pushing me about. You may see my dilemma. I don't care about money once I have enough to buy him out to live in my home in peace.
Have you any advice for me please?
There is no mortgage on the property. I live on the ground floor and we receive shared rental income under rent a room scheme. I look after everything including maintenance etc. I also paid for total revamp of my space incl new gas boiler etc. which is ongoing, so far 40k outlay.
For the past 2 years, I have been asking him to sell his half to me. I have another property to sell which will provide sufficient funds, that is, if both deals happen in tandem. He keeps giving mixed messages.
Firstly, he will sell if he gets a fair price. I suggested 2 valuations each and find a fair price in the middle. Then 6 months later we said he was going to move in and buy me out. Personally, I think he was calling my bluff unless he really can afford to. Then another row and we both agreed he should seek legal advice.
The latest he said today is
1) he can take as many years as he wants to decide
2) he will move in and buy me out, he said he has enough savings when I asked.
3) he doesn't want to sell his half. When I pushed him, he has agreed that he will tell me within 6 months of his decision.
To be honest, I feel he is playing mind games and pushing me about. You may see my dilemma. I don't care about money once I have enough to buy him out to live in my home in peace.
Have you any advice for me please?