Mr peabody
Registered User
- Messages
- 33
House value is 140K and valuer described as a "hard sell" as the location is very very remote.
This is my family home on family land and I want to keep it at all cost.
People with cash can be willing to buy a house without planning. In any case once 12 years (?) are up the council,can't do anything.
How much is the house worth?
Is your friend the broker telling you what you want to hear.
If it's true why would you be willing to pay 100k?
Why is there a value of 170k instead of 80k?
Does Pepper smell money/ your desperation to hold onto it.
I think you need to hire an expert negotiator with Pepper experience.
Also a mess with your brother in law.
I note you ignored my questions.
Why not let them put it on the market, and wait and see what kind of offers are made. If you are confident it will only make 80k odd, let your brother purchase it for 80k and then you buy it back off him or whatever way you decide to handle the transaction between yourselves.
Alternatively wait for the offers to come in, none comes in including from your brother, and you ask for a writedown to 100k on the same interest terms you have at the moment
The problem you have is if you offer 100k, the questions will be asked about the valuation and where you got the money (and how much more can be raised). By putting it on the market, if you are confident it will not get other offers, then it strengthens your position considerably
But is that a gamble you are willing to take ? If Pepper believe its 170k value, they won't accept 100k ! Why would they?
That's the most frustrating aspect for me-we have no problem renegotiating the mortgage at €170k at an inflated interest rate which you would imagine would be good business for pepper. I am in no way looking for any sort of freebie but it baffles me that pepper have no interest in coming to a reasonable solution for both parties.
That's where I was getting to, but couldn't get any kind of realistic value from the OP. Like this is so obvious what can I say. But it us ax Hugh stages game all the sane. With everything to lose for the OP.
Ownership to be in his name and I would repay the debtI forgot something important.
How will ownership be organised if your brother pays 100k?
But if I was to repay him "rent" to the value of the mortgage repayment on the house can pepper have a grievance with that because I have to rent someplace to live.Havent you forgotten something, how are you going to pay him if Pepper get an instalment order against you?
What if your valuation is wrong.
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