Ownership change question
I bought an apartment building with a partner, now he wanted to sell the apartment, because he is a realtor, he makes money by selling and buying. But I don't want to sell. So we are agreed upon the market value, i will buy his 25% and owner the whole building and continue the loan ( in both names). But we don't know how to proceed. any idea? title company said: he will quick claim deed to me. but I have to pay title insurance, escrow fee, city and county transfer tax, county record fee.... total $3500. I am not sure if that is necessary.