Man Seeks Advice As His Ex-Wife Refused Selling Her Portion Of Their Property Because Of Bad Math
"She says that's not fair to her since all she gets its 40k and I get a whole property"
It's a significant decision to buy a house, and knowing a little bit about the process will help you get ready. Although owning a home has many responsibilities, it can also be incredibly fulfilling.
There's the freedom to customize your home and the potential to increase your investment and these are just two benefits of home ownership. Whether you are married, in a civil partnership, or just in a relationship, purchasing real estate together is a significant life endeavor.
Even though this project is exciting, some safety measures are still needed to make sure everything goes as planned. Unpleasant surprises could happen if you don't adequately prepare for this phase, particularly if your circumstances change.
For the OP of today's story, he did change, and he explained it in his story. So he and his now ex-wife bought a property years ago for $300,000.
It is 5 acres with a mobile home on it. They had a plan to build their forever home on it, so they took the mobile home off and started prep on everything, including paying a deposit to the builder.
During all of this preparation, one thing led to the other, and they ended up separating. Not just that, OP's ex-wife disagreed with his suggestion of them living in the property together.
It gets more complicated than that, and you can read all about it as you scroll down.
The OP kicks off his story
RedditThe OP couldn't get a mortgage in his own name because of the amount owing was higher
RedditShe says that's not fair to her since all she gets its 40k and the OP gets a whole property
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OP doesn't understand why she would care about what he would do with this property after she gets the buy-out
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OP has offered the following explanation for why they think they might be the AH:
Am I the AH for wanting to buy her out and being able to make money off of it despite of being able to do the same if someone else would buy.We've gathered some of the most upvoted comments from other Redditors for you to read through below
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The court can address any legal issues
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A whole property saddled with a big mortgage
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She can give the OP a counter offer
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The OP answered the above comment saying...
Yes, that was the stipulation I set when we put it up for sale, it needs to be atleast 350.000 for me to be worth it to sell.I've seen multiple 7 acre properties sell, with much more flat land on it than we have, for 270-320k.She still won't get the value of the land
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The OP is spending the money to build a house
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This Redditor is addressing what they might be missing
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The OP might need to get a lawyer
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Some Redditors were not sure how someone can defend the ex-wife's "logic" on feeling entitled to the property's improved worth after OP built on it. She shouldn't be banking on that if she is offering no assistance or capital.
Some Redditors say doing otherwise makes her the AH but you can drop your own verdict in the comments below and share as well.