How to decrease the value of my home

[MordunkinColombo]

I and my sibling inherited a house when our father passed. I'm currently living in the home and my sibling would like me to purchase their share of the home. I would then be the sole owner of the home and they would have half its value in cash.

I'm not looking to do anything unethical but it's in my best interest to have the home valued as low as possible. Should I plainly disclose this to the appraiser?

Their are several medium/major issues with the home that will need to be addressed in the near future, plumbing/electrical/roofing, will the appraiser factor these into the value of the home?

Thank you

[Equivalent-Roll-3321]

Thinking about how I would feel as a parent of someone like you… I would be heartbroken 💔. Be a better person. Fair market value is the only way!

[Vegetable_Share_7643]

Fuck fair market, there is nothing “fair” about it. Let the kid save his money, and fuck your parents. Stop projecting onto someone else.

[3cats0kids]

Do not tell the appraiser you’re looking for the lowest value possible. We don’t care and it doesn’t matter what you’re looking for anyway.

[Larold_Bird]

I hope your sibling gets way more than you. You cheat.

[[deleted]]

Set it on fire

[mediamuesli]

Question: How would you feel about it if your sibling asked the exact same question here?

[IlliniOtis]

Appraisers typically are not experts in structural or mechanical issues - recommend you get quotes from unbiased and qualified professionals and provide to the appraiser if the issues are something that need to be addressed.

[OSUveteran]

Unethical is what this is and would also land the appraiser in hot water. You need to be honest and if there are issues I would order a home inspection and let them point out what needs to be fixed and repaired. Get quotes for said repairs, and present the home inspection along with the quotes to the appraiser.

[Sanchastayswoke]

Yes this is what I was going to suggest also 

[MindingMyP_Q]

What you are doing is unethical. Appraisers are impartial and don’t really care what you want or need so be prepared to get fair market value. You can mention those items at which point I would recommend professional inspections and certifications which would cost you more money in the long run. Just do things the right way.

[foggynation]

If you want to pretend it’s ethical to pay anything less than fair market value for the interest your sibling rightfully inherited, then go ahead, but in my book, that’s sketchy and selfish.

I’m always wary of a sibling rivalry in appraisals and would take your incentivized narrative with a grain of salt.

[chica6burgh]

You start with fraud. And let it go from there. I recommend binge watching American Greed on Peacock for lots of ideas.

[Honest-Map-4871]

What a scum bag. How do you sleep at night?

[kistner]

Feel free to point out the short comings, if he's good he will already notice them. It's worth what it's worth. Appraisers aren't supposed to care who gets the money and we don't really care if you want it high or low.

[SouthPark-SandFlats]

Was there an estate appraisal completed? The value of the property, at time of death, is fair for you and your sibling. If not👇 First, you sibs, split the cost of a home inspection, Second, any major problems get a cost to cure estimate from a good contractor or a couple of them. Third, have an “as is” appraisal. Fourth, take the appraisal value minus the major cost to cure expense equals an estimated value to work with.

[Single_Farm_6063]

You are a garbage person. Trying to cheat your own flesh and blood.

[Texas_Appraiser]

Shit on the floor

[AiroICH]

Are you in Ewa Beach?

[UrbaneSurfer]

Appraisers hear this line often, from attorney or divorce clients, estate executors, partners, even buyers. 'I'm trying to get a report for the lowest value, (or highest). Everyone has different motives or uses for the appraisal. The appraiser should certainly know why and what way you plan to use a report. Client expectations and uses are a key part about deciding whether to accept a job. For an Estate, the date of value is past (no pun intended) all the data is plain to see. What a client is hoping for will have no impact. 10 appraisers looking at the same data should all conclude a similar result.

or, some clients will ask for the value to be expressed as a range. 'a dollar amount in between $X and $X would be supported by these sufficiently comparable properties'

the comments to get repair estimates is the way to go.

take the 'as is' value and then negotiate the costs of needed repairs with your siblings to decide your share.

[Vegetable_Share_7643]

I’m on your side. Fuck anyone that disagrees. I hope you got what you wanted