Can anyone point out a book or an Internet article that outlines how
this is done and if and where an attorney's assistance is needed in
Also, if anyone has had experience with assisting with such buyouts,
have you noticed whether the siblings have been able to explicitly
agree on figuring into the lack of the need to pay real estate agent
commissions into the money that changed hands? For example, say the
siblings had an independent appraisal of the home find that the
house's market value is $1,0000,0000. Let's say the typical agent
commission in the area of the house is 6%. Then, the sibling buying
out the one other sibling pays $470,000 (half of the market value less
the typical commission).
Thanks in advance for any information that can be provided.