How do I get a fair deal on parents house?
My sister and I are the executors of my father’s estate.
He owns an expensive house, and my sister wants to buy me out of my half since she’s planning to move in. I’d prefer to sell the house and split the proceeds, but I’m unsure about a few things.
First, how do we determine the house’s value? I know we can ask estate agents, but it seems like they’re just giving an estimate. With properties sometimes selling for more than the asking price, how is that factored into the valuation?
Also, what about estate agent and lawyer fees?
Do these come out of the sale, even though we’re not paying them directly?
And finally, what about stamp duty? Do I have to pay that in this situation?
I’d really appreciate any advice or insights from people who’ve been through this process.
Thank you.
Menu
