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Buying or Selling a Home/Selling part of a jointly owned property
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Question
Hi Doick,
My four siblings and I inherited a home in Florida from my parents. The property was recorded as a distributive deed and states that we are fee simple owners. Two of my siblings and I would like to sell our percentage of the property to an outside buyer, due to rather contentious interactions with the other family members. Can we?
As long as you are fee simple owners of your share of the property, you may dispose of it in any fashion you choose. Just make sure the people you sell it to know that what you are conveying to them is only a share of the property. However, I strongly suggest you have a real estate attorney do it for you. This way, you will know it is done correctly and there will be no backfire on you. I do wish you well.
Dick Dennis
dixiedee13@aol.com
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Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
- John Hendricks
- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Dick Dennis
Expertise
With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.
Experience
Solving real estate problems for 37 years.
Organizations
National Association of Realtors
Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers
Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate
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