Price is something you work out with a broker after reviewing comparable sales. You may want to have the property professionally appraised. Taxation depends upon a number of factors - consult an accountant.
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With due respect, this all should have been covered in your divorce settlement. If it was not, then you'll either need to reach an agreement or put the matter back before the Judge. It's certainly reasonable to use current market value for the division minus the outstanding mortgage with credit due if one party was primarily (or solely) paying the mortgage post-judgment. It's also reasonable to deduct 5% for what would otherwise be closing costs if the place were sold. That said, it behooves you to schedule a consultation with a NYC Divorce attorney for a full assessment.
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I agree that this should have been covered as part of your divorce. Yes, you will have to pay the taxes and costs of closing, but first retain an attorney to at least examine the divorce to determine if there are provisions regarding the sale / buyout.
Rory Alarcon, Esq., is a New York attorney practicing the areas of Family Law, Matrimonial Law, Foreclosure Defense, Consumer Defense and other areas of general practice primarily in Suffolk & Nassau County. His office, Alarcon Law Firm, practices only in New York State and offers the best attorney rates in the Long Island area. His office may be reached at (631) 867-2348.
Bring all the paperwork to an attorney to review. The sale should be spelled out in the agreement, if not it needs to be clarified in writing.
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