Scenario:
- House inherited by 3 siblings who at this time co-own it
- One sibling making an offer to buy from other 2
- Assume value is 1M
Should the house be purchased for 1M or for 1M - 6% since brokers will not be used?
So should the buyer pay the 2 siblings 2/3 of 1M or 2/3 of 940k?
Edit: thank you all for your feedback, much appreciated. The Estate lawyer just confirmed that it is customary in these situations to discount 6% from the gross value and split the net.
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source https://www.reddit.com/r/RealEstate/comments/r50zls/should_house_price_be_discounted_when_selling/
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