Realtor Fees Held back When Buying Spouse out?

H

Herewego

New member
Hi Everyone,
I have seen this referenced in several places and my STBX's lawyer is adament that there should not be any amount deducted for Realtor's fees in a private transaction.

My argument is that it is a future debt against the house (when I do eventually sell it) and it should be recognized. I have discounted our pensions with the appropriate tax burden and see this no differently.

Any experience with this / Advice?
 
About 2 years ago, the judge told me they were going through a change with realtor fees and buyouts. I don't really agree with it, but unless you plan to sell within the next 3 years, it's unlikely you'll get the discount.
 
There are no set rules on including notional closing costs when determining equity on a buyout -- it is negotiable. But, from what I understand, it seems to be the usual practice.

Are there any other areas you are addressing in your agreement that you could benefit from, if you agreed to waive these costs? At a certain point, your ex will be paying more in legal fees that a 2.0 or 2.5% commission to argue the point - as would you.
 
Thank you all.

THe agreement is pretty clean - debt free but for the mortgage so I do not want to mess that up and do not want to be petty. it is entirely possible that I will have to sell at the end of one year so I do think I need something captured. I will offer at 4%, that seems fair.
 
You must log in or register to reply here.
Back
Top