Is law on my side?

Irishcrx

Right,

Me and a family memeber each own 50 percent share in a house, I'm looking to buy her out but she is refusing to sell it to me, she can't afford to get a mortgage and buy me out (So I'm told), and she doesn't want to put it on the open market. I have a mortgage ready and want to buy my own house as she is already set up with her own house etc and i'm not as I'm only starting out in life really. She wants to do it up and keep renting which i'm against as that option doesn't work at all for me i'll loose money i've given her three options.

1. I buy you out.
2. you buy me out.
3. Keep being stubburn and I'll bid on the open market.

I was trying to avoid bringing the law into this but it doesn't look like i am being left a choice I've been told that she'll do what she wants regardless, guy's do I have a leg to stand on if I want the house sold?

Thanks you.

meglome

I'm no legal expert but house prices are falling and look likely to continue to fall for some time. If you pay her for her half of the house now you'll be paying mostly likely more than you would have paid in rent.

Irishcrx

I know, but the lower the prices go the less likely she'll ever sell to me, money is an issue but it's more me wanting to buy back and fix up my family home and raise mine there in the future.

hullaballoo

No legal advice.

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