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I don’t have any experience with this kind of thing, so pardon my ignorance.
I had a loved one pass away. I have an interest in buying their house.
The executor was showing me a paper listing the “county assessed value” as $100,000. But then it says something about “decedent’s interest @ 50%”……. $50,000
If I’m going to buy the property from the estate, do I need to pay $100,000 or $50,000?
The other owner would be my cousin. As far as I can tell they don’t have a strong interest in owning the property. But I haven’t specifically asked if they would want to sell either.
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- 8 months ago
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I don’t know.
My understanding was my aunt and my cousin owned the house jointly/ had both their names on the deed. My aunt passed away. I assumed that full ownership of the house would pass to my cousin.
Is it “the estate” owns half and my cousin owns the other half?