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How do you figure a buyout for a condo you own with a partner how do you calculate the amount?
Wiki User
∙ 14y ago
There are several variables in your scenario:
- The original purchase price, the amounts paid as down payments, the amounts of the mortgage paid or held by each party
- The status of the monthly assessments, and if not up-to-date in payments, the status of any lien filed by the association against the unit
- The value of improvements made by each party, and the effect of these improvements on the resale value of the unit
- The current appraised value of the property
- The amount of risk the remaining partner is willing to accept that the value of the property will increase over time
Wiki User
∙ 14y ago
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Does calculate mean divide?
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A verb that means figure out?
calculate
What is a synonym for shape and calculate?
figure
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