Zillow Advice: Buying Process - If I am a beneficiary of a property how do I buy out the other beneficiaries? http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ Zillow Advice | Zillow Real Estate Hi,get an appraised value, ... http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ Hi,<br/>get an appraised value, subtract the existing mortgage, the remainder is your equity, half of your equity is your buy out amount<br/><br/>$$$Good Luck!$$$ Tue, 05 Feb 2013 03:19:00 GMT http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ 2013-02-05T03:19:00Z If there is probate, you ... http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ If there is probate, you are working with an attorney, we all hope. We've given you the mechanics of a transaction, that attorney will describe how to get it through probate.&nbsp; As SoCal points out we don't do law. Mon, 06 Aug 2012 15:26:00 GMT http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ 2012-08-06T15:26:00Z I do not want to repeat the ... http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ I do not want to repeat the message but John is right on target.&nbsp; Get two appraisals and contact a real estate attorney to get the deal down on paper.&nbsp; The best of luck! Mon, 06 Aug 2012 15:09:00 GMT http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ 2012-08-06T15:09:00Z You agree. I don't know how ... http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ You agree. I don't know how old you are, but there's a point where it's probably not healthy for both of you to live together . . .&nbsp;<br/><br/>Anyway. The simple thing to do would be to get two appraisals, pick the mid-point, deduct the mortgage and selling costs, and then divide by two.<br/><br/>All the best, Mon, 06 Aug 2012 06:22:00 GMT http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ 2012-08-06T06:22:00Z You should be talking to ... http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ You should be talking to a family law attorney. Anything beyond discussions about general processes/mechanisms is beyond the ability of any on these forums to provide. Mon, 06 Aug 2012 03:04:00 GMT http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ 2012-08-06T03:04:00Z how does it work if there ... http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ <p>how does it work if there is probate?</p> Mon, 06 Aug 2012 02:55:00 GMT http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ 2012-08-06T02:55:00Z Got agree with John. Good ... http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ Got agree with John. Good advice, and good luck to you Mon, 06 Aug 2012 02:39:00 GMT http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ 2012-08-06T02:39:00Z Each of you hire an appraiser ... http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ Each of you hire an appraiser to provide 2 different values for the property.&nbsp; Split the difference.<br/>Get together with a real estate attorney and have them draft up the purchase and sale agreement and discuss with you the discount price for a non-arms-length transaction. Mon, 06 Aug 2012 02:01:00 GMT http://www.zillow.com/advice-thread/If-I-am-a-beneficiary-of-a-property-how-do-I-buy-out-the-other-beneficiaries/454226/ 2012-08-06T02:01:00Z