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california - one owner of home buying out another

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Z

zephyr2001

Guest
california - once a fair market value is agreed upon for a home, what are "fair", legal deductions to take off that value before % of equity is paid to owner being bought out? (i.e. sales costs, termite repair costs, refinance costs, etc.)Two owners hold title as "tenants in common".
 


HomeGuru

Senior Member
There is no legal deductions cut in stone. All the expenses are subject to negotiation. Of course equitable rules come into play. If one party paid all expenses, then said party should get credit for those expenses.
 

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