A
appollo10
Guest
Ok here is the senario....
2 brothers, joint owners in a house in Lucan.
Brother A has to move down the country due to work.
Brother B wants to buy out Brother A's share of the house.
House was bought for €190,000 5 yrs ago
House is valued at € 280,000 now.
Morgage is €160,000 at the moment.
Brother B is only offering A €40,000 for the increase in Value over the 5 years.
"A" wants the full €60,000 ( which is half of the Value less morgage).
I am the brother in between.... can anyone shed some light on the problem besides selling to another.
Appollo
2 brothers, joint owners in a house in Lucan.
Brother A has to move down the country due to work.
Brother B wants to buy out Brother A's share of the house.
House was bought for €190,000 5 yrs ago
House is valued at € 280,000 now.
Morgage is €160,000 at the moment.
Brother B is only offering A €40,000 for the increase in Value over the 5 years.
"A" wants the full €60,000 ( which is half of the Value less morgage).
I am the brother in between.... can anyone shed some light on the problem besides selling to another.
Appollo