Inheritng a Home: What to Do When Siblings Disagree on Selling

Dividing the inheritance

In an ideal world, siblings love, support and encourage each other. However, many factors come into play that disrupts the balance of this relationship. One such factor is money.

When you and your siblings inherit the home but do not share the opinion of selling it, what must be done? How do you divide an inheritance when one of your siblings disagrees on selling?

The possible solutions

The issue of  home inheritance can be solved when all parties involved are willing to meet and settle to an agreement. If one of the parties involved is adamant about selling, try to explore other options first before taking this matter to court.

What other options are available? Take a look at the following suggestions which may help resolve your inheritance issue.

1. The Buyout. When one of your siblings would rather keep the home and refuse to sell it, a good solution is to allow him or her to buy out the home from you and/or  your other siblings.

If there are four siblings, then the ownership of the home is divided into four. The sibling who would like to keep the house can finance the 75% home appraised value and buy the ownership out from you and your other siblings, then transfer the ownership to his or her name.  

2. The Internal Arrangement. Producing the money to buy other siblings out is not easy, especially if the property in question has a high market value. This leads to the second option, the internal arrangement.

This arrangement is created so that everyone’s desires are considered. However, unlike the buyout where one sibling would have to produce the other’s share of the home’s market appraisal and pay in full, in an internal arrangement, he or she creates an arrangement with you and your other siblings that you will each be paid monthly installments (which include the home’s interests) until everybody has been bought out.  

To be fair, your sibling also needs to sign a deed of trust to the home. This would give you and your other siblings the right to foreclose and sell the home if he or she fails to keep up his/her part of the agreement and become delinquent in paying. To make it binding and more formal, put it in writing.

3. Rent it out. Another option you can explore is to have the house rented. When your sibling intends to keep the property but not use it as a primary home, and you want to sell it because you already have your own place, a good option to consider is renting it out. You can then split the rental fee, so you get a monthly allowance from the home, and the home stays in the family which is what your sibling wants.

4. Seek legal counsel. When you’ve explored all options, and your sibling still refuses to cooperate, then it may be time to seek legal counsel regarding the matter.  This should be the last option and must be explored only when you’ve exhausted all means to reach a common and binding agreement.

Taking an inheritance issue to court is expensive, and can cause much strife and division in the family.

Don’t let money matters be the source of contention in your family. Talk with all your siblings and help each other understand everyone else's opinion. There’s always a viable solution on hand when people communicate well and are willing to come to an agreement.

Find out how much your home is worth on the market today.

Call me, Nancy Braun, at (704) 997-3794 for a free, no-obligation home evaluation.

In case you cannot view this video here, please click the link below to view Inheriting a Home: What to Do When Siblings Disagree on Selling on my YouTube channel: https://www.youtube.com/watch?v=XTTAgGe3Iak&feature=youtu.be

Home Repositioned in the Market! 8427 Quintrell Dr Charlotte NC 28277 | Home for Sale

The space and security you want in a home

Just a block away from the pool and park of the highly sought after Landen Meadow community is this beautiful and spacious two-story home which stands on a corner lot.  

This traditional style Charlotte home for sale features 5 spacious bedrooms,  2.5 bathrooms, a formal living room, a cozy den and a 2 car attached garage.  It has a large front and backyard.

For ONLY $285,000 this home is the haven you have been dreaming of. It is a home where you can enjoy comfort and serenity and entertain family and friends.

Experience an active lifestyle in the community of Landen Meadows

Built in the 90's, Landen Meadows neighborhood was one of the first residential neighborhoods in the popular Ballantyne region in South Charlotte.

It is located between Rea Rd and Ardrey Kell Rd and is literally just minutes from shopping, dining, and entertainment as well as access to I-485. All local schools are within a ten-minute drive.

This community enjoys a pool, tennis courts and recreation area.

Work in the bright and welcoming study

If you love the symmetrical look and clean lines, you’ll love the design of this home.  Directly across the foyer is the staircase that leads to the second level.

To the right of the foyer is a welcoming study. This room has big windows,  making it bright and airy.

The windows overlook the front lawn so you can enjoy a great view while you work. Large and casually elegant, this study is a great place to work in peace and privacy.

You can also transform this study into a formal living room.

Enjoy formal meals in the formal dining room

To the left of the foyer is the formal dining room.

Well-lighted with big windows, this room is the best place for formal dining. If you love having guests over, this dining room is large enough to accommodate a six-person table.

Adding your favorite paintings on the wall, and a cabinet display in one corner will bring this room to life and make it the perfect entertaining spot.  

This dining area is also open to the kitchen, making meals convenient and easy.

Fill this home with the aroma of great food

Next to the formal dining room is an inviting,  large eat-in kitchen, with an open concept floor plan.

This Charlotte NC home’s kitchen has two pantries, stainless steel appliances, lots of cabinet space and no touch under cabinet lighting. Tile floors make cleaning easy and convenient. A breakfast nook is available on the other side of the breakfast bar, just beside the french door which leads to the backyard.

Dazzle your family with your inner chef skills and prepare the best meals in this amazing kitchen.

This NC home kitchen's set up allows you to multitask; you can enjoy cooking and entertaining your guests at the same time.

A cozy family room with a fantastic backyard view

Across the charming kitchen is the spacious family room which is also accessible through the hallway from the foyer.

Featuring large windows which keep this room bright and cheerful, neutral tone walls for a more open and contemporary ambiance, and a large fireplace to cozy up to on brisk night's, this family room will easily turn into your family’s favorite spot.

Not to mention that it is right across from the kitchen and pantry, and just a door away from the relaxing backyard retreat.

Turn your bedroom into a soothing retreat

This home has five generous sized and well-appointed bedrooms.

The master bedroom is spacious and bright. Warm tone walls, carpet floor and big windows that let in light give this bedroom a warm and welcoming appeal.

You’ll love its large space and the beautiful blend of neutral and warm colors, giving this room a feeling of warmth and relaxation.  With a king size bed and some drawers, this bedroom is the perfect escape from a long day of work.

This master bedroom has an en-suite bathroom so you can fully enjoy your privacy.

Enjoy its double vanity, a large tub, a separate shower and new light fixtures. You’ll look forward to coming home and ending your day with a good long soak while reading your favorite book.

Do you require storage space?

When you need more storage space, this home delivers. The attic is mostly floored and is the perfect place for storage. Or you can convert it into a craft room where you can paint and enjoy your arts and crafts.

This Charlotte home for sale offers a wonderful backyard retreat

A lovely surprise awaits you when you move to the backyard of the home. Featuring a good sized covered patio, you can entertain or relax in comfort while enjoying the beauty of the outdoors.

Furnish it with a table and some comfortable chairs and you will have a wonderful setting perfect for relaxing and enjoyment. This porch overlooks a large flat backyard with lush grass and trees.

The backyard is fenced, so if you have kids, they can enjoy playing here.

Want to know more information about this home or learn about similar homes in the area? Visit http://ShowcaseRealty.net/ for a list of available homes for sale in Charlotte.

Homes like this don’t stay on the market long, so grab this opportunity now! Call me, Nancy Braun at (704) 997-3794 to schedule a viewing of this lovely home. Let me help you find the best home to suit your needs.

This is a short sale and is subject to servicer’s and or note investor’s approval of offer to purchase.

Home Repositioned in the Market! Weddington Home for Sale | Providence Forest Estates Home

A dream home that offers the best of retreat and relaxation

Beautiful, elegant and spacious, this home for sale in Weddington is nothing short of breathtaking! Tucked away in the highly sought after Providence Forest Estates, this home is constructed in a traditional style and boasts of over 5000+ square feet of living space.

This 2.5 story home features 5 bedrooms, 4 full bath and two half baths, and has the best upgrades and modern conveniences.

It features a private, flat backyard oasis with an outdoor kitchen and a double brick patio. On its right side is a wooded lot where no can build so you can have a pool on the right area of the backyard without worrying about privacy.

This home is everything you've ever dreamed of and more. It displays a perfect merge of elegance, comfort, and modern convenience - all you’ll need to do is just move in.

Every convenience is minutes away at Providence Forest Estates

Providence Forest Estates is an affluent neighborhood located in Weddington just over the Mecklenburg border. This is a neighborhood of large homes. There are no community amenities but this neighborhood is only a few minutes from the Weddington Swim & Racquet or Providence Country Club if you want to use the pool or tennis courts.

It is also close to the I-485/Ballantyne Area/South Charlotte and the new Waverly Shopping Center, which offers many dining and shopping options.

Weddington may be a small town, but it is the third wealthiest town in North Carolina. It also has an A+ school district, so if you have school-age kids, you know they will receive the best education.

For many residents, one of the best perks of living in Union County is its low county taxes!

An inviting home that exudes warmth and elegance

Be welcomed by a good-sized front lawn when you set foot on this property. Tall and well-maintained trees border both sides of the front lawn. An impressive porch stands waiting at the front.  

The main door is magnificent and opens onto a lovely foyer with high ceilings and polished wood floors. Featuring an open concept layout, you can easily see and access the different areas of this home from the foyer.

Directly across from the foyer is a gorgeous staircase which leads to the second floor.

To the right side of the foyer is the formal living room. It has large windows, which allow light to stream in, lending the room brightness and warmth.

All these space needs are comfortable sofas or settees along with a table and your favorite art pieces. When you’ve set it up, you now have a lovely area to welcome and entertain your guests.

Enjoy entertaining in the formal dining room

To the left of the foyer is this home’s formal dining room with wide crown moldings and polished wood floor, enhancing this room’s elegant appeal. It is a wonderful room for entertaining.

This room is spacious and can easily accommodate a table for eight guests. Add a painting, wall decor, or a cherry wood display cabinet and this place are all set!

This formal dining room is perfect for a large formal celebration, but it will also work for a casual gathering.

It is also open to the kitchen, making food preparation and service convenient and accessible.

Unleash your inner chef in this home’s kitchen

This Weddington home has a truly impressive kitchen. It is a perfect combination of modern appliances and tasteful design.

Your inner chef is sure to shine in this state-of-the-art kitchen with its granite countertops, stainless steel appliances, walk-in pantry, and loads of cabinetry. There is also a breakfast bar and large kitchen island for extra countertop space, especially if you love having guests over.

Beside this eat-in kitchen is a spacious breakfast nook with massive multi-pane windows overlooking the patio and backyard.

This kitchen is bright, cheerful and airy, a true dream kitchen.

A bright and airy home office

A few steps past the living room is a french door which opens to the home office.

Ceiling moldings, neutral walls, and carpet make this room cozy and elegant. Large windows allow in plenty of natural light, so you don’t need to turn on the light while working.

Fall in love with the family room

Past the staircase and beside the home office is a family room which radiates such light that the best way to describe it, despite its size, is cozy and welcoming.  

Soaring ceiling with moldings, big windows, neutral tone walls, and carpet floor grace this lovely space. A large fireplace provides warmth on cool nights.

This room is perfect for entertaining and relaxing and exudes contemporary elegance. No matter what time of the day, you’ll find relaxation easy in this room.

Experience the best privacy in the master bedroom

When you need personal time and space, this home offers you five bedrooms to choose from.

The master bedroom is spacious and has a contemporary feel with its beige carpet floor and neutral tone walls.  The tray ceiling and recessed lighting add elegance and style while the large windows let in plenty of light and warmth.

This bedroom also has a seating area where you can keep your personal notes, and a fireplace, enhancing this room’s sophisticated appeal.

Turn this room into your personal sanctuary, a place where you can have restful nights.

The en-suite bathroom is equally roomy and features beautiful floor tiles, a dual vanity, a large walk-in shower, a garden tub and plenty of cabinetry. What better way to end the day than with a good, relaxing soak in the tub where you can free your mind and ease your aches.

Two other bedrooms of this home enjoy en-suite bathrooms.

A space open for possibilities

On the third floor of this home is another large room. It can be converted into a game room, or a theater room, or a combination of both.

A sensational outdoor oasis!

A perfect outdoor oasis is waiting for you in this home.

The door by the breakfast nook area opens to a spectacular backyard, a relaxing outdoor space.

Step onto a large outdoor kitchen overlooking the patio and the vast backyard.  A party is never complete without food, and the outdoor grill makes it convenient to cook something while still enjoying the scenery.

Beyond the outdoor kitchen is a double brick patio perfect for outdoor entertainment and relaxation.  

It is the perfect spot for those moments when you wish to simply just relax, breathe in fresh air, and have a cold drink.  Set this patio up with some well-chosen outdoor seats and furnishings, and you will have the best spot to sit down and unwind.

This home’s  flat, large backyard bordered with trees is best for family gatherings and reunions.  

It is also a great place for a pool, should you decide to install one.

This home for sale in Weddington has everything you want and more and it can be yours for ONLY $619,900.

Are you looking for a home in Charlotte NC and its nearby areas?  Visit http://ShowcaseRealty.net/  to see other homes available for sale.

Call me, Nancy Braun at (704) 997-3794.  Let me and my team help you find the best home.