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what can i expect??

  • doodles
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30 Jan 08 #12334 by doodles
Topic started by doodles
hi folks,;)

ive just recieved nisi and about to sort finances, the main asset being the matrimontial home(ex2b lives there with gf,) which was put on the market last yr for 350k, have since reduced it to 320k but still not a great deal of interest.my ex2b has made me an offer over over half the proceeds after paying off the mortgage, providing i dont touch his pension which i believe to be worth a large amount and i can keep our other property (paid off,) worth around 100k which my parents live in. my solicitor has suggested selling the MH at auction to speed up the process. does this mean that i will get what the house sells for or whats its market value is? and does this sound a good deal? i had 15 yr marriage, always worked,put my duaghter through private education at a cost of 35k. Have sole financial and emotional respomsibility of my youngest daughter whos he has had 2 weekends in 9 months.currently iearn 20k and he earns 75k.:unsure:

thanks v much.

  • Josh2008
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30 Jan 08 #12344 by Josh2008
Reply from Josh2008
Would definitely not recommend selling a house in auction

It's an absolute last resort, solicitor obviously just wants to move things on, but you will lose a packet selling that way

You can only get a percentage of what it sells for; the marketable value was £350k now £320k you would only receive a % based on what it actually sells for

It is the fairest way of dealing with it, with regards to the buyout, if you think the deal is somewhere near what is expected and you want to get it done and dusted then take it

If you can afford to wait and the difference is significant then wait

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