Reply to Inheriting house together with sibling...who wants to move in

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Sibling needs to buy you out, but at a good deal. Maybe not market. At least half of what parents bought it for, adjusted for inflation, plus half of what money parents put in.[/quote]

Why not at market? [b]Why should A lose money on the deal[/b]?

I agree with other PPs, if B can't fully buy out A, then they should sell. The only compromise I would possibly consider is to allow B to pay A rent (half of market value)  for a period of time (2 years) to save money to buy. [/quote]

Technically, she is not losing money on the deal.  She did not put money into the house and has no sunk costs.  It is all windfall for her (taxes is another issue).  So she has not lost money but perhaps would not make as much money off the house as she could have.

If it were me, I might let sibling have the house if I could get similar value from other parts of the inheritance.  For example, Sibling could have the house if I got a bigger chunk of the other parts of the estate - hopefully cash or annuity [/quote]

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