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sellin the property

hi we have a house and lot  astumbo dededo at the prime location .total 9984 sq feet.between  3 people but i want to sale my share and hw can i .would  like to get information from u .
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August 09 2012 - Dededo
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Astumbo,

Where are you located? A Realtor in your local market will be best positioned to help evaluate your options.
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August 09 2012
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Zillow is not a real estate company, but a media company.  You will need to meet with agents in your community to see what is available.  You will also need to make sure the agreement between the three partners is solid.

There are several components to your question:

What is your plan in selling, do you wish to sell your share to the two current owners? or, do you wish to sell your share to someone else?

If you wish to sell to your two partners, the three of you will need to identify a way to determine a price.   An appraisal may be one way, CMAs from agents may be another way.    Then, each partner will need to find a way to pay you for your equity share and refinance for your share if your name is on the mortgage.

If you wish to sell to someone else, the three of you still need to identify a price (as above), the partners need to agree to a different partner, and the new partner needs to pay you for your equity and obtain refinancing. 

Make sure you get your name off all financing and title in the process.
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August 09 2012
 
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sellin the property
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August 09 2012 | 2 answers
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