How is a co-owner buyout amount usually calculated? | NC

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Q: How is a co-owner’s buyout amount usually calculated when one side has paid most of the repairs, upkeep, and other property expenses? A: Usually, the buyout starts with the property’s current fair market value — then any debt is subtracted, and each owner’s percentage share is applied. After that, the numbers can be adjusted for credits and offsets. If one co-owner paid most of the taxes,…