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Updated almost 4 years ago on . Most recent reply
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Selling my 2 houses on 1 lot separately - ADU
Hello, I have 2 houses on 1 lot, Main house is 1600 sf 5 bed 21/2 bath, 2nd House is 2 bed 1 bath 800 sf. Both on 1 lot, no garages so i cannot split lots without building garages and lot is too small for that, The houses have separate meters and addresses, This is an ADU before they made ADU'S, I will provide seller financing so appraisal is not a problem, The only issue is how can can sell to separate people, Do I put them on as Joint Tenants on the deed or ? Any advice I would appreciate. Thank you
Most Popular Reply
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Still really tough unless the tenants are family members, and if/ when they want to sell/ move they will have a lot of problems. You are kicking the can down the road for now by offering owner financing, but it will be next to impossible for one to sell while the other remains and continues to own in the future. I'd make sure your potential buyers are well aware of this.