Re: feeling a bit depressed.

Posted by JD Seller on July 19, 2018 at 09:30:14 from (206.72.28.211):

In Reply to: feeling a bit depressed. posted by JL Ray on July 19, 2018 at 04:36:03:

I would not be moving anything there yet. I have yet to see an estate with multiple siblings not have trouble getting things all settled. So unless you know 100% that your Mother's will clearly leaves you the homestead or even the right to buy then you MAY get to buy it or not. You say the real estate market is hot for your house to sell. Well that is also true about your family homestead. Have you talked to ALL your siblings and have ALL of them agreed with your buying the homes stead and at what price.

Also the stuff, that is your Mother's and Father's that is still there, is property of the estate so if it has any value than you need to be careful of how your doing things. What you think it is worth may very well be much different than your siblings think it is worth.

So your not out of your morning period yet. Your siblings are not either. Also you brother is the one in control not you. He has a legal obligation to execute your Mother's will just as that will spells out. So whether or not you like it he needs to be making the decisions on what goes and stays not you unless he puts it in writing that your to do this or that.

You did not say where your located. In many parts of the country homesteads are selling for very high prices. Small acreages with houses and out buildings are in demand.

A few weeks ago a homestead with fifty acres sold close to me. Older house but livable and 3-4 older but sound barns. Nothing real modern. The one son thought he had an agreement to buy it for $500,000. One of his sisters would not agree to that deal. The parent's will did not specifically say how a family purchase was to be handled. So they finally agreed for the place to sell at auction. The one son could take his share of the estate off the auction price but had to pay for the balance within 30 days of the auction. The homestead sold for $950,000. The one son could not afford to buy it.

So just be careful and try to have patients. You want the family to still be family when this is done. we all know of families that settling the estate destroyed the family.

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