Reply to Sister buying me out of parent's vacation home

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[quote=Anonymous][quote=Anonymous]OP here:  Quick question -- I decided to ask realtors what they thought it would sell for because all of the houses in the area sell for well above their appraised value. So doesn't that seem like the fairest measure? I talked with the third agent yesterday and she thinks that there would likely be a bidding war on the house and it could go up as high as $425,000. (There are almost no lake front houses on the market.)

I think that my sister will definitely buy me out of the house -- she is having a new boat delivered next week after all. I've been very clear that I don't want to co-own the house. My family won't be using the house at all.

I'm the executor so I've been handling everything with the estate and I would handle the sale of the house too.

I don't really need the money from the house but also don't want to just give it away either. Contrary to what some people here think, this whole process hasn't been particularly contentious. I just don't want her to complain to the aunts/cousins (who live near her) that I'm being a jerk.[/quote]

Look at the prices of sold houses on Zillows starting from six months ago that should be close estimate.
Real estate agents usually exaggerate to get you to list it with them.[/quote]

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