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Personal Finance and Investing

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3Hotdogs

(13,485 posts)
Mon Dec 14, 2020, 07:37 PM Dec 2020

Fair price sell house to daughter? [View all]

So..... Three daughters to share assets upon our demise. Daughter in question lives on second floor with her family. It is a 2 family house. We live on the first floor. Other daughters have their own houses.

Plan is to sell the house to her, while retaining life estates for ourselves. Her and husband would get full control of house when we die or go into assisted living.

House appraises at 600k. She would share in remaining assets when we die.

Is $400k a fair sale price? More or less?

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