Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 13 years ago on . Most recent reply

User Stats

15
Posts
0
Votes
Mark Nolan
  • Homeowner
  • Mechanicville, NY
0
Votes |
15
Posts

Unique situation

Mark Nolan
  • Homeowner
  • Mechanicville, NY
Posted

PLEASE SOMEONE HELP ME !!

I own the lower half of a two story property in upstate New York.

There are two separate deeds.

I'd like to sell my half, move away and get on with my life. The owner of the upstairs and his lawyer are preventing me from doing so.

I have a lawyer but she is useless.

Why should I need the other owner's permission to sell MY OWN PROPERTY ???
It's not right and I'm extremely angry !!!

Most Popular Reply

User Stats

22,059
Posts
14,128
Votes
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

This doesn't make any dang sense:

and

If you own your unit separately from his, why would you be offering him half or more of the proceeds? Was the $100K offer for the whole building? That is, both your unit and your cousin's unit? If so, then he is certainly within his right to say no.

Just sell YOUR unit, not the whole building. If it has a separate deed, you can do that regardless of what your cousin thinks.

Realize that, from what you've posted, the unit is probably only work $30-40K. Its the lower unit, which tends to be the less valuable half of a duplex, everything else being equal. You have a crummy upstairs neighbor. The upper unit needs work, and the problems there could cause problems for your unit (e.g., water getting in.) But there is some price where you will find a buyer.

Loading replies...