What should be considered in a buyout?

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Townhouse In Turmoil

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My roommate who owns a share in my house got engaged and is moving to DC. We got two appraisals and agreed upon a selling price. I refinanced and have the money to buy her out, but we do not agree on how to determine her share of the equity. She feels that since no closing costs were incurred in this transaction she is not responsible for closing costs. In NJ, is the value of the house determined by value of the house less closing costs? And if it is, how do you come up with closing costs that do not exist?
 
At some point, you will need to pay a commission and closing.

If you didn't buy them out and just sold the house at this point, you would have a 6% commission and closing costs (1 to 2%). This SHOULD be figured into the profit that each gets.

I would deduct at least 8% from the selling price and split the profit.
 
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