Q: 4 siblings own 25% of grandfathers properties and 2 people want to sell, what can my dad do to not sell?
My dad and his siblings own 31+ acres of land and a home in East Austin. A developer wants to purchase the home for 400k, but my dad doesn't want to sell. How can he keep the house. And if he buys the house, what would he have to pay?
A: He can offer to buy out the other 3 siblings shares. Otherwise the siblings can go to court and ask for a force sale. As for what price to pay, that will be something that he should negotiate with the sellers. It is not something set by the laws.
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