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#1
Inherited 1/4 of my family house. My mothers name is on the title and wants to buy me out cash for my share and become full owner. Prices have gone up 20% since last year and 15% over the year prior. Yet, there is currently a period of flux due to a government announcement regarding a foreign buyers tax to cool the market. It appears this has worked as the market is now better supplied, therefore pace of annual price has slowed. Nobody wants to sell, nobody wants to buy.
These are really my two options:
1. Take the current cash offer for 1/4 of the house at market value.
2. Take a PORTION of the cash now, equal to a certain percentage and leave the rest as an investment for the next 2-3 years.
Any input is appreciated. Cheers!
These are really my two options:
1. Take the current cash offer for 1/4 of the house at market value.
2. Take a PORTION of the cash now, equal to a certain percentage and leave the rest as an investment for the next 2-3 years.
Any input is appreciated. Cheers!
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