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If these children own 1/6 of the house, then they would have to agree to any sale in the first place. The title company would most likely point this out soon enough. If the house is a commercial property then basis will have to be taken into account so the children would be due 1/6 of the profit and if the house is your homestead then you will likely have no taxable gain on the property and the entire sale minus any mortgage would be 1/6 to the children. You could buy them out before any prior sale for whatever you feel like is fair market value and then any sale would go 100% to you (this would be best if they would agree as they would have to sign off on any future sale otherwise).
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