Buyout of home
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Buyout of home
House worth 458,000 per appraiser
I lived in the home 11 years
Still part owner of the home
What would be a fair amount that should I asked for
my portion of the home.?
Asked on July 30, 2019 under Family Law, Maryland
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 2 years ago | Contributor
A fair amount is 1/2 the current fair market value (what it would bring in if sold), which is probably the appraised value if the appraisal is recent--so around $229k. To get this done without undue delays or litigation costs, it would be reasonable to take around 10% or so less--so based on what you write, around $200k.
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