Estate Law Questions? Ask an Estate Lawyer.
I am the administrator
It has been appraised the offer is for more than half it highest value.
She died with out a will and I would like to buy it for a fair price.
No my brother took cash for 1/3 of the estates value.He said he was happy with the money and did not show interest in the real estate.
Yes for about 3/4 of the value or she wants to buy it from me for rental I would like it to live in.
Okay thanks for the help.
Hello. Another expert here and I'll try to assist. You haven't provided much information, so I have to presume certain facts. First, if the property is now in an estate over which you are the administrator, in most states you are prohibited from buying property from it. You will first have to close the estate, distribute the property to the heirs, which includes your brother, you, your sister and any other siblings. (If brother has already been given his share all in cash, he can Quitclaim Deed his interest to you and sister.) You can then use the cash you get from the estate to buy both your brother's interests provided they'll sell to you. If your sister won't sell to you, or you to her, then a court can order a partition sale and you could be the buyer at such a sale. I will be away from the computer for most of today and will be returning Sunday late afternoon.
I hope this information is helpful and that you will enter a positive rating. I thank you for submitting your question to Pearl-Just Answer. We appreciate your business. If you need clarification or additional information, please send me a Reply and I will be happy to explain further. Please consult a local attorney to verify the accuracy of this information according to your state's laws.