Want to sell my 33 percent ownership

You have several possible paths, but selling only your one-third interest to an outside buyer is usually the least attractive. A fractional interest is difficult to finance and gives the buyer shared ownership with your brothers, so investors normally expect a substantial discount. Start by confirming the deed shows the ownership percentages you described. Then get a market analysis or appraisal for the entire property. That gives the three of you a neutral starting point. Your brothers may not be able to pay you directly, but they could ask a lender whether a refinance or equity loan could fund a buyout. Another option is for all three owners to sell the property together and divide the net proceeds according to the ownership agreement. If they want to keep the property and cannot finance a buyout, discuss a written payment plan or another arrangement with an attorney. A court-ordered partition may be available when owners cannot agree, but it can be slow, expensive, and hard on family relationships. Because the home is in Pennsylvania and inherited-property rules vary, have a local attorney review the deed and any proposed agreement before anyone signs. Related Pillar resource: What Do I Need to Know About Selling an Inherited House in Paso Robles? Amber Johnson, Founder Pillar Real Estate 805.835.3425 [email protected] 1345 Park St. Paso Robles, CA 93446 DRE# 01925434

Daniel, who owns the other 67%? Your best bets are to either get a buy out from the other owner(s) or sell the home all together and split the proceeds. Selling to a completely different individual adds further complications that I have a feeling neither of you would want and will be highly impossible. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States