How do I sale my half of a house?

Get Legal Help Today

 Secured with SHA-256 Encryption

How do I sale my half of a house?

I own a home with my sister. There is no mortgage it was fully bought and paid for with our grandfather’s money. I no longer want to share with her and I want to sale my half of the house. Is that possible and, if so, how? Does she have to refund me or do I have to find someone to buy my half?

Asked on January 6, 2017 under Real Estate Law, Virginia

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

Assuing that the house is now in both of your names, you can pursue what is known as an action in "partition". This is a legal remedy that is employed when owners of jointly held property cannot agree as to ownership matters. With a partition, if a property can be equally divided, then the court will so instruct. In the event that the property cannot be divided (as in the case of a single family house), then the court will order a "sale in lieu of partition". This means that the property will be sold and the prceeds equitably distributed among the owners. However, since a partition can be time consuming and costly, it is advisable for the owners to try an work out an amicable agreement.
 
Note: Before a sale would be ordered, a co-owner(s) would be given the right to try and negotiate a buy out of the other co-owner(s).
Read more: https://ask-a-lawyer.freeadvice.com/law-questions/if-a-property-is-deeded-i-179215.htm#ixzz4VbuMeWDR Under Creative Commons License: Attribution Follow us: @FreeAdviceNews on Twitter | freeadvice on Facebook


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption