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re: If you inherited 20% of a piece of land, and you want to sell.. but....
Posted on 12/10/16 at 10:07 am to Royal
Posted on 12/10/16 at 10:07 am to Royal
quote:
Force a partition sale. Would be expensive, but the court would "carve out" 20 percent for you
There is no reason to do this.
1.) Don't pay your portion of the taxes if they aren't using the land in some way to pay them.
2.) Sell to the highest bidder in your family, even if its only 20%. Sell and move on.
Even if you partition your land, as said its not going to be worth 100% of it normally, plus you'll have all kinds of legal fees.
If it was me and say the land is worth $30,000, I'd take $5000-10,000 from a family member to just be free and clear.
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