All Forum Posts by: Quiana Bruce
Quiana Bruce has started 1 posts and replied 3 times.
Post: Land Inherited BUT want to Sell (Located in Lafayette County)
- Posts 3
- Votes 0
Quote from @Matt Devincenzo:
If the probate is done and you legally own your 1/12 then the process is exactly the same as any other sale. You simply execute a deed and transfer the 1/12 ownership to the new buyer. But the actual buyer's for that will be very limited since they're only getting a 1/12 interest in the whole property....essentially they're 'partnering' with the other 7 inheritors. Your best bet would be for one of the other 7 to buy it from you since that will make their ownership larger...the best thing is to get back to where one or two people own completely, otherwise it keeps getting diluted every time someone inherits.
Thank you for this Matt. Yeah, i agree however some of the other heirs are not willing to purchase which is a complete shocker BUT I really just wanted to know the next steps I needed to take and you have essentially answered my question.
Post: Land Inherited BUT want to Sell (Located in Lafayette County)
- Posts 3
- Votes 0
Quote from @Edgar U.:
Send me a PM, how many acres is it and have you gotten price opinion on it?
Post: Land Inherited BUT want to Sell (Located in Lafayette County)
- Posts 3
- Votes 0
Hi All! I am NEW to the forums but have been following bigger pockets podcast and affiliates for a very long time, lol. I am in need of a Real Estate Attorney familiar with cases concerning inherited land and the processes needed to legally sell off our specific portion aside from the other 8 heirs. I have POA approval from my sibling to represent our interest. I would like to sell our 1/12 portion so that we can move into some other BIGGER endeavors.
Any referrals or suggestions are very much appreciated!
Happy Tuesday:)