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I'm gonna sell my house.. I need some help!?
Hi guys! I'm gonna sell my house but its became like a math question actually!! well I want to reconstruct my house with partnership of someone..
the numbers are not real and everything is supposed to be equal..
here is the question: lets suppose my house worths $ 1700 , my partner says he pays $ 800 for construction material , and give me $ 450 for my own packet.. what he's sayin is , if he pays that $ 450 the equation becomes like this: (for me) 1700 - 450 = $ 1250 & for him 800 + 450 = $ 1250 but i guess he's double counting his share of $ 450 !!
why? becoz he should put $ 800 (for construction materials) + $ 900 (more in order to become equal with compared to my share) so we will have $ 1700 (me) = $ 1700 (him)
but he says when i put $ 450 for ur packet ur share already becomes $ 1250 & my partner has already paid $ 450 + 800 for construction materials so we are equal..!! i dont gettt ittt! plzzz help me out!

2007-05-22 04:46:53 · 4 answers · asked by Frantic 1 in Business & Finance Renting & Real Estate

he gives me 450 @ the begining and its right my share goes down from 1700 to 1250 but they money he's put is still 800 only for construction material.. he will need to put 450 more in order to become 1250 the same as mine which is now 1250.. i only dont get this part of it!!

2007-05-22 05:04:26 · update #1

4 answers

Sounds like your selling to your partner. Do a straight sell and forget the rest of this garbage. You may be getting set up to be burned.

2007-05-22 04:59:55 · answer #1 · answered by Sun and Sand 3 · 0 0

Your partner is absolutely right. He does not count his share twice. Don't forget that when he gives you $450 for your pocket, your share decreases from original 1700 to 1250, so you both become equal partners.
Another way of counting it would be to try to use your way:
You paid originally 1700, so your partner will put 1700 to become equal partner. Now everything you have in the house is equal. So, you rebuild the house and that costs 800, so you have 900 left un-used, so now since both of you are equal partners you split unused money 450 each. Guess what, you will end up right there where he suggested in the first place.
I hope you get it now, if you don't, then you shouldn't go into this partnership, as you will be fighting over money all the time.

2007-05-22 04:57:10 · answer #2 · answered by Alexander K 3 · 0 0

I'm unclear as to what you are describing. If you want to sell your house, you don't need for a partnership to do anything. If you want to 'fix up' or renovate your house, this is not the time to do it. Since you're selling, a future buyer may not like changes you're going to make.

If you're doing some repairs to make the sale easier, then hire a reliable contractor.

2007-05-22 04:52:30 · answer #3 · answered by Venita Peyton 6 · 1 0

hi check this link its good




http://buyingandsellingshares.blogspot.com/




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2007-05-23 05:52:00 · answer #4 · answered by Anonymous · 0 0

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