If I am partial owner of a house, can I sell my half of the home?
Yes. You have a legal right to sell your partial ownership interest in the house. However, as a practical matter, the market for a half interest in a house has got to be extremely limited. The number of people who would be interested in buying a partial ownership of a house with a stranger has to be extraordinarily small. And the practical implication is that one would expect the market value for a partial interest in a piece of real estate to be highly impaired. Such a transaction might work in a practical way if the two people own a piece of real estate as an investment, and both co-owners agreed to the substitution of a new investor for one of the two existing investors. Essentially, the new person to the deal would become a partner with one of the original co-owners. This could be a sale at a serious price for the half-interest; such as one-half of the fair market value of the entire parcel.
Also, sometimes when two members of a family (siblings; parent and child; or some other combination) are co-owners of a piece of property, one of them may make a deal to sell his/her share to another family member. This type of transaction is legal and can be a practical solution to a co-owner's desire to liquidate his/her share. Such a transaction can result in a sale at a price that is mutually satisfactory to the buyer and seller.


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