 What should i do with 35,000 dollars? |
| I need a job but would like my own home. If only i could BUY a good job and get a cheap home of my own............ |
|
 In wich of these cities you would live? |
| I want to move from Utah, and I'm a little confused about some cities, and they are: Denver/CO, Portland/OR and Seattle/WA. Actually I'd like to go to a place where there is more diversity, ... |
|
 Renting a house, water pipe break-who pays the overage on water bill? Renter or owner? |
| Owners simply told us that we were going to have to find somewhere else to stay until the standing water under the house is gone & the plumbers are able to fix it. No time line, at least two ... |
|
 I can't sell my house...and my neighbors are all trying to sell too..what next? |
| help...I need to sell....I dropped my selliing price 2 times..and then my neighbors dropped their's too...real estae agents say this and that ..but people will not buy...I have a lot of other ... |
|
 Do you give a thank you gift to real estate agent? |
| i just bought a house and was wondering if you're supposed to give a thank you ... |
|
 Anyone know about renting houses? |
| My landlord knocked on our door early early this morning and told my husband that either we get rid of our dog or we have to move out. And that we need to buy new blinds because ours look tacky. We ... |
|
 Living by yourself? |
| can a 15 year-old live by their self in like an apartment.. parents will be living in the same city though..... |
|
 Should i demand to see the lease before giving the rent? |
| I have a new apt that i have paid the deposit for but when i went to pay the first month's rent I expected to see a lease agreement (1 year lease) and they didn't have anything for me and ... |
|
 Mortgage payments returned? |
| I bought an home in 11/06 and sent the payments in monthly, the mortgage company I originally went through sold my mortgage to another company. I sent my payment to the original company and it was ... |
|
 Why is it that landlords arrange lease dates from Nov to Oct and not Nov to Nov? |
| This has been explained to me before but I still do not get it. Some landlords put on the lease november to november as a 1 year lease while other but november to october for a 1 year lease. Please ... |
|
 Can tenants from a rented flat be thrown out for a) over occupancy and b) loud noise? |
| My partner lives in Musselburgh, near Edinburgh and is experiencing great problems with a Polish family who are renting the bottom flat. Last year, the flat was sold to an old couple who decided to ... |
|
 I want to buy a house, what does foreclousure mean? |
i 've been looking to buy a house, but i understand that a foreclousure house could be more economic.
is this true?... |
|
| How to get House value? |
II own a house that I am currently renting out.
Can some one recommend a web site where I can get an estimate of house value? I tried Google, and all the web sites I visit want to know contact ... |
|
|  |
BRIAN Y | I have been left a half share in a house. the co owner wants to rent it out but i want to sell it.? |
can i insist the house be sold? i am determined not to co-own a house with this person! on the will it said assets to be sold and split but it also said 'full power to postpone doing so' as we are co-trustees on the will. will instruct a solicitor if needed but be good to have an idea before proceding. |
 |
 
old.holly265
|
Hello Brian.
You will definitely need a solicitor as, whatever happens, this is going to turn nasty. I do not say that to frighten you off, but I have read enough law reports during my career to know how things like this can end.
As for the law, the "power to postpone" exists only as long as all trustees (or a majority of trustees) are content to leave it that way. If there are just the two of you, and you want the sale to go ahead, then the duty to sell (which is a requirement) from the will overrides the power to postpone (which is merely a permission).
Whether this is a good time to sell is immaterial. You should, however, be prepared for significant legal costs if there is any resistance on the other side. |
|
mim315
|
I think renting for a while is probably a good idea. If you wait until next year (rent it for 12 months), you will likely get to sell the home for more. |
|
JohnGalt
 |
If estate not yet settled, you may be able to enlist the executor of the will to sell it. If by co-trustees you mean co-executors, I don't know as I have never heard of co-executors. Go see what a lawyer says about it, and what the law says in your state about disputes between co-trustees of an estate. Then have a heart to heart with the other person and get it solved. If you hae to, tell them they will have to do every bit of work regarding the rental. Or point out that if you have to go to court, the only winners are the lawyers and there will be no house left to argue about.
On the other side, its hard to know if real estate shoudl be sold now, or it market will be worth waiting for a couple of years. |
|
utreinvestor
 |
why do you want to sell right now? unless you have more than 50% ownership you cannot force the sale of the property (unless the will specifically states otherwise). you can sell your interest in the property but will probably need to take a discount in value unless you're selling to the co-owner; with today's value's already low that is probably not your best option.
if you need the money now, sell your half of the property to the co-owner. if they don't have the cash and can't get the property refinanced then sell your interest in the property using a seller-finance note and trust deed. with a note secured by the property you can then resell the note to a note broker and get 80-90% of the value of the note.
if you don't need the money, keep the property, rent it out and take advantage of passive income and tax benefits. |
|
BARRY B
 |
Wrong time to sell. More sensible to rent it out and receive half the rent. Re-appraise the situation when the market recovers. Otherwise you will be cutting off your nose to spite your face. |
|
Snarf
 |
You can sell your half, buy out the co-owner's share or come to some other mutual arrangement. Either way, you're going to have to talk to the co-owner and you'll most likely need a bit of legal help for whichever option you take. |
|
Justfochange.cent
 |
I'm no property expert but can you sell it to the co owner himself? |
|
chatsplas
|
Well, it's a lousy housing market, but a pretty good rental market right now.
But YES, you do have right under the terms above to insist house be sold. However getting buyer will not be simple or easy. Can you insist on a property manager so that your dealings with co-owner are limited? |
|
WelshLad
|
Why not ask the co owner buy your half? |
|
melmarglobal
 |
Why not have your co-owner buy you out. Have the house appraised by an independent Realtor. Then have your co-owner go the a bank and see about a loan so that he/she can buy your share of the property. This should solve your problem. |
|
katt121
|
Yes you can force them to sell unless they want to buy you out |
|
trish s
|
You will need a solicitor but you should be able to force your co-owner to buy you out..If you do,make sure the property is valued first.............. |
|
bennachie1
 |
yes you can, but I would consult a solicitor acting solely on your behalf.
not the solicitor that is acting for the will and estate
|
|
tanika971
|
No i don't think you can, you will have to mediate and come to an agreement, maybe they will buy you out, see a solicitor. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 3 minutes(s) ago
| | | |
14 | 38 minutes(s) ago
| | | |
14 | 1 hour(s) ago
| | | |
12 | 5 hour(s) ago
| | | |
13 | 10 hour(s) ago
| | | |
13 | 1 day(s) ago
| | | |
14 | 3 day(s) ago
| | | |
12 | 6 day(s) ago
| | | |
12 | 1 week(s) ago
| | | |
13 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
