All Topics / Help Needed! / Buy out remaining share on jointly owned Property, what's a fair price to pay?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of RH84RH84
    Participant
    @rh84
    Join Date: 2014
    Post Count: 5
    December 4, 2014 - 9:35 am

    Hi property investors,

    My brother and I own our property together 50/50. He has decided to buy his own place and so I will buy out his remaining share. We will of course privately discuss a price we both agree upon before going through. Besides simply getting a real estate agent(s) to appraise the value, would there be any other techniques to determine fair value of the property?
    We have had the place for 4 years now.

    If any one has any experience with a similar situation, I would really appreciate your advice.

    Cheers

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    December 4, 2014 - 12:59 pm

    Assuming you will need a loan on the property why not use the lenders valuation

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.