Gift of family home, paying out siblings - when to go to the bank?

Thank you for your feedback!

My parents transferred their house to me because they want to have the most important things settled as long as they are mentally fit to do so.

Exactly. I may also never (again) live in my parents' house. So far, it is not planned.

My parents want to give up responsibility for the house and continue living there. We all wish for the house to remain in the family.

We are currently exploring whether and how this is possible.

Thank you therefore for your advice regarding potential pitfalls. I also think that everything must be well thought out – both concerning my parents, as well as among the siblings and in relation to myself.

I also find it very important that a REALISTIC price is found for the house. Often, especially in such situations, "emotional" prices come into play, which can sometimes be too high or sometimes too low. I speak from personal experience ...

Could you write to me privately? I am currently facing a similar problem :(

Hello, unfortunately you cannot send or receive PMs.

But I can openly tell you here in the forum that I bought my childhood home at a (in hindsight) too high price for that time (1999). Considering the current selling prices (it will be sold at the turn of the year), it was still okay.

However, since I wanted to avoid any dispute among the three of us children at all costs (my mother had a "difficult" brother, my father a "difficult" sister – and there was unbearable conflict between them that both suffered from a lot), I accepted the already unfairly distributed inheritance shares (my parents are still alive)...

I believe an external neutral party can help a lot here.

So I, or rather my wife and I, also took over her parental home. Additionally, my parents-in-law stayed in the house, but it was clear that the sister did not want the house. I think the price paid was ultimately chosen fairly for both sides, but only because all parties took the relevant facts into account. If there are too many opinions, it is probably better to have the value of the house determined from outside. A short appraisal doesn't cost an arm and a leg, alternatively you can contact the appraisal committee for land values for information from the purchase price collection or, if available, apply the real estate reference values (which, however, do not always "work").

My mother transferred the family home to my sister and we siblings were paid out. My mum lives in the house in the granny flat and has been granted a lifelong right of residence. An appraiser came to estimate the value. Her right of residence was of course somehow taken into account / deducted there. The whole thing was regulated by a notarial contract, we all signed it at the notary.

: That is of course the "cleanest" way to determine the price. We managed well that way too, but your approach is ultimately the one by which you get the "most accurate" value to discuss. Then a small note about the right of residence, but more for your sister, in case your mother can no longer live in the condominium for some reason. It is best to keep the right of residence in place, since its removal would constitute a gift (which of course only applies if she needed social benefits in some form).