What is the name of your state? California
My question for those that can comment or have experienced this before: Is it correct to take into consideration the cost of the realtor fee (approximately 3-6%) when calculating the buy out amount of the house. Or this should not be considered as the house isn't being sold but more like being refinanced to take out the cash to buy off the Ex.
Example:
House worth $400K
Amount owed on house $200K
Difference is $200K
My 1/2 is $100K her half is $100K. Can I use a realtor fee in this calculation as if I was really selling but in theory I am not but are doing something like that. I would of course split the realtor fee if applicable.
I am in disagreement with my Ex on this as we are trying to peacefully negotiate the terms without involving our lawyers and just have them draw up the final paperworks.
Thanks in advance.
My question for those that can comment or have experienced this before: Is it correct to take into consideration the cost of the realtor fee (approximately 3-6%) when calculating the buy out amount of the house. Or this should not be considered as the house isn't being sold but more like being refinanced to take out the cash to buy off the Ex.
Example:
House worth $400K
Amount owed on house $200K
Difference is $200K
My 1/2 is $100K her half is $100K. Can I use a realtor fee in this calculation as if I was really selling but in theory I am not but are doing something like that. I would of course split the realtor fee if applicable.
I am in disagreement with my Ex on this as we are trying to peacefully negotiate the terms without involving our lawyers and just have them draw up the final paperworks.
Thanks in advance.