Estate sale. House left to 3 middle aged siblings. Two are well educated, one has a trade. The two were happy, want to sign and with a two week closing. The other one, has it in his head that they are getting cheated. Would not come to the negotiations, had to deal on telephone. Offer good until tonight, this one guy refuses to take phone calls or answer email and is hiding to let this great deal die. We have two offers, with the other being much lower. So, last night, spoke to lawyer friend and my reasonable clients will probably take their sibling to court to have them removed as a co-Executor and to sue for damages.What they can do is simple. I eventually sell the house in the fall, for a lot less money. Take off the loss, the legal costs, etc. They still get their money, as per the first deal but the errant sibling will be solely responsible for the losses and will get their inheritance cut by at least one-third. I have given up trying to talk logic into a non logical mind.
So, is this story about me, a real estate woe? No, it is about the greed and old wounds that come about when their is an inheritance. I told the parties, "this has zero to do with real estate, it has all to do about the family dynamic." Two siblings went off to university and higher academic achievements so now he can get even.
Barry Lebow shared this tale. I have seen it many times and appreciate being an Accredited Senior Agent, that I have been exposed to these scenarios and how they play out.
They are never about the money or estate but about some forgotten red wagon or Birthday party surprise that caused a LIFE LONG RIFT between siblings.
If you are selling in Toronto, Lets talk.
647 218 2414