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Legal Ease
Legal Ease, Lawyer
Category: Canada Law
Satisfied Customers: 96464
Experience:  Lawyer
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My Mother has passed away 2 years ago. She left us 4 sisters

Customer Question

My Mother has passed away 2 years ago. She left us 4 sisters .25% of the house and her common law husband of 30 years 75%. She had the house in her name and we have finished probate and are now proceeding with transfer to common law husband. He thinks fair market value of the house is his property tax or what the bank will give him. (house is paid off) How do we determine fair market value?
Submitted: 4 months ago.
Category: Canada Law
Expert:  Legal Ease replied 4 months ago.

Is this for buy out purposes?

Customer: replied 4 months ago.
he is going to buy us out
Expert:  Legal Ease replied 4 months ago.

The property tax assessment is not appropriate. It will be much too low.

You have to have the property assessed by a professional assessor.

They will consider all the details about the house and provide an assessment that can even be used in court if necessary.

Customer: replied 4 months ago.
would the professional assessor be from the bank?
Expert:  Legal Ease replied 4 months ago.

No

There are dozens and dozens to choose from. They are used for matrimonial cases every day as well as for many other legal and not legal issues.

You can google and speak to a few of them.

Or if you know a lawyer you can get a lawyer to suggest one for you.

Customer: replied 4 months ago.
He had the bank assess it...is that proper assessment?

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