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Selling a jointly owned inherited property
Comments
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I guess that would be too easy wouldn't it, the brother wants to stay on the farm and I don't think he can afford to buy us both out.... so it looks like he is offering to buy the sister out and that leaves me with a third I also wish to sell.... I can only sell on the open market if I have legal documentation stating which bit I own.... methinks...0
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You could offer to sell your third to your brother...... for a lower price than your sister?
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I would be very loathed to take less than the market value for my share of the farm.0
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so where do I stand legally if I want to sell my share of the farm and brother can't afford to buy me out...?0
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No it hasn't, do you mean with the Land Registry...?0
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I don't know why someone wouldn't want to buy a third of a farm. Farms are split up all the time especially after a bereavement.0
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And presumably, they would have to be a cash buyer as I don't think any lender would lend under those circumstances0
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I don't know why someone wouldn't want to buy a third of a farm. Farms are split up all the time especially after a bereavement.
But you say yourself it HASN'T been split up.
Selling off some land, or a barn, no problem..
Right now you don't have land or a barn, you have 1/3 of the value of a whole farm.0
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