two friends bought a house together. one wants to sell (to the other). what should the seller expect to get?

Question

to make things more intresting the non-seller put down the down payment. the house has increased in value. they have only lived in the house for 2 years.

to make things more intresting the non-seller put down the down payment. the house has increased in value. they have only lived in the house for 2 years

should the non-seller pay for half of the apprasial

Answer 1

This is simple. The house needs to be properly appraised at current market value. You now have a fair 'sale price'. Since each should share equally in any appreciation value, the seller should get half of the market value of the home, less the downpayment invested by the non-seller. This assumes, of course, that expenses to maintain the house after purchase were equally shared.

Answer 2

I'd expect the seller to get the 1/2 the market value of the house after the down payment and monthy payments were subtracted.

Answer 3

The seller should expect fair market price for his interest in the house . Though the none seller put up down payment , if the parties both signed the mortgage the profit should be split minus the down payment money with interes.

Answer 4

An appraisal most be made. It's for the benefit of both, therefore the cost of the appraisal should be split equally.

Answer 5

screwed