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I'm sorry if I had the impression that you are only able to purchase if you pay less than half of the current market appraisal and that you are negotiating with your brother on that basis. Yes, I agree that a market appraisal is useless. Your brother has told you his price - auction ie he...

Hi Wylie, It looks llike the 700K was a potential selling agent's appraisal and not a valuation. Raphael hasn't said what the purpose of the $500K "valuation" was. If I've misunderstood Raphael I apologise to him.

Is the property still held by the estate or has it been transferred to you and your brother as beneficiaries? If it is held by the estate and the executor is to do the sale, the executor is bound to get the best price. Traditionally the law regards auctions as the way to ensure the highest...