Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 13 years ago on . Most recent reply

User Stats

15
Posts
0
Votes
Mark Nolan
  • Homeowner
  • Mechanicville, NY
0
Votes |
15
Posts

Unique situation

Mark Nolan
  • Homeowner
  • Mechanicville, NY
Posted

PLEASE SOMEONE HELP ME !!

I own the lower half of a two story property in upstate New York.

There are two separate deeds.

I'd like to sell my half, move away and get on with my life. The owner of the upstairs and his lawyer are preventing me from doing so.

I have a lawyer but she is useless.

Why should I need the other owner's permission to sell MY OWN PROPERTY ???
It's not right and I'm extremely angry !!!

Most Popular Reply

User Stats

22,059
Posts
14,127
Votes
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

This doesn't make any dang sense:

and

If you own your unit separately from his, why would you be offering him half or more of the proceeds? Was the $100K offer for the whole building? That is, both your unit and your cousin's unit? If so, then he is certainly within his right to say no.

Just sell YOUR unit, not the whole building. If it has a separate deed, you can do that regardless of what your cousin thinks.

Realize that, from what you've posted, the unit is probably only work $30-40K. Its the lower unit, which tends to be the less valuable half of a duplex, everything else being equal. You have a crummy upstairs neighbor. The upper unit needs work, and the problems there could cause problems for your unit (e.g., water getting in.) But there is some price where you will find a buyer.

Loading replies...