selling 1/2 double

[yesman300]

What is the name of your state (only U.S. law)? Ohio

hello

I own a 2 family (double) for sale on one parcel. I have a cssh buyer who wants to buy only one side. what do I do? convert to condo? possible land contract? I am in franklin county - OhioWhat is the name of your state (only U.S. law)?

[Zigner]

Originally Posted by yesman300

What is the name of your state (only U.S. law)? Ohio

hello

I own a 2 family (double) for sale on one parcel. I have a cssh buyer who wants to buy only one side. what do I do? convert to condo? possible land contract? I am in franklin county - OhioWhat is the name of your state (only U.S. law)?

Perhaps you need to find a different buyer....

[yesman300]

? if you have nothing to say, why waste your time writing this? nothing better to do?

[nextwife]

Originally Posted by yesman300

? if you have nothing to say, why waste your time writing this? nothing better to do?

He's correct. Selling only half, even if worth the time and expense to divide it onto two condos, and even if the municipality will allow the division, entering into co-ownership of a condo without a management company/or at least a means of making sure the repairs and maintenance can be assured, or proper association, or a enough voting members in the association the break a tie is really unwise. If you can't sell it right now, you are better off renting both units than doing this deal.

[nextwife]

Originally Posted by yesman300

? if you have nothing to say, why waste your time writing this? nothing better to do?

Zigner's correct. Selling only half, even if worth the time and expense to divide it onto two condos, and even if the municipality will allow the division, entering into co-ownership of a condo without a management company or a proper association, or a enough voting members in the association is really unwise. If you can't sell it right now, you are better off renting both units than doing this deal.

[HomeGuru]

Originally Posted by yesman300

? if you have nothing to say, why waste your time writing this? nothing better to do?

**A: thanks for that comment as you just lost out my advice.

[12345672]

Originally Posted by Zigner

Perhaps you need to find a different buyer....

That is the best answer to the question "What do I do?" The costs and hassle of subdividing the property through the house (if it would be allowed) or setting it up as a condo will most likely exceed the increase in value.

Is this person that wants to buy half of the house offering well over half of the asking price?

[HomeGuru]

Originally Posted by 12345672

That is the best answer to the question "What do I do?" The costs and hassle of subdividing the property through the house (if it would be allowed) or setting it up as a condo will most likely exceed the increase in value.

Is this person that wants to buy half of the house offering well over half of the asking price?

**A: maybe a large chainsaw would help.

[nextwife]

Originally Posted by 12345672

That is the best answer to the question "What do I do?" The costs and hassle of subdividing the property through the house (if it would be allowed) or setting it up as a condo will most likely exceed the increase in value.

Is this person that wants to buy half of the house offering well over half of the asking price?

It needs to be WAY over half, because you'd be diminishing the value of the remaining unit with this scheme. If this buyer thinks dividing it is such a great idea, have them buy the whole thing and divide it themselves, and you get out whole.

Oh yeah, if there is a loan, the mortgage lender must also be agreeable to any division and willing to release the unit being bought from their mortgage.