I am in NY and my divorce was just finalized this month. We still jointly own a condo which has been rented out. Rent covers mortgage and fees so it's not a problem right now but I really want to sell it (just to be done with this whole thing) but my ex-husband wants to rent it out for a couple more years since housing market is going up a lot thesedays.
So we agreed that he will buy out my equity in the condo. If we were to list it on the market, we could sell it for a big profit. What are the things I need to consider to arrive at an agreeable price? MV - current loan outstanding and what else..?
Also, do we have to pay all the taxes you normally pay if you were to sell it to a 3rd party?