My husband wants to keep the house and buy me out, but wants to factor relator fees and closing costs as if we were selling the house out of half of equity to give to me. Is that something that comes into consideration when buying someone out?
You too can agree to calculate the buyout amount anyways you wish to do so. However, it is not necessary to factor in the closing costs that won’t be paid. The person who keeps the house will be keeping the future equity, so they really don’t have much room to complain that they’re paying more than they should because there are no closing costs, title insurance etc.
This incident to a divorce be sure to use and interspousal transfer deed because such a transfer incident to divorce is tax free.
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