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- Nov 27, 2014
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- 9,311
We have a family trust that holds a piece of land. 2 of the 3 siblings want out. How best to go about valuing the land? I know I could, and will, get a market analysis and/or and appraisal, but then what? My experience would suggest that those are just starting points and one never knows what something is worth until an independent party makes an offer that the seller would be willing to take.
I thought about trying for something like putting it on the market and then when an offer that the 2 would accept comes through, match that offer. Unfortunately, I can't imagine any realtor would take a listing with that type of contingency and plus, it doesn't seem fair to the person making the offer.
Is there any good way to nail down a number? It's no exaggeration that the outcome of this could impact the family dynamic very negatively going forward. I'm trying for a win win, but all I'm seeing is a losing situation.
I thought about trying for something like putting it on the market and then when an offer that the 2 would accept comes through, match that offer. Unfortunately, I can't imagine any realtor would take a listing with that type of contingency and plus, it doesn't seem fair to the person making the offer.
Is there any good way to nail down a number? It's no exaggeration that the outcome of this could impact the family dynamic very negatively going forward. I'm trying for a win win, but all I'm seeing is a losing situation.