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Old 04-17-2007, 12:22 PM
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Join Date: Dec 2004
Posts: 26

Sales options on Commercial Real Estate


What is the name of your state? NC

I live in VA, but the property in question is in NC.

I inherited 1/3 ownership on a large piece of commercial property when my father died 2 years ago. I've been trying to sell it since the estate closed. I own a third with my aunt and uncle owning the rest.

We had it listed with a realtor for a year, but they only put it on their website, and didn't promote or even try to sell it. Now the year has come and gone and the property still sits there.

I want and need this property sold, but the other two owners keep dragging their feet.
I want to know...what are my legal options for this property? Since I own 1/3, can I take it into my own hands to advertise for sale? Can I split the land into thirds and make them buy me out at current market value?
  #2  
Old 04-17-2007, 12:34 PM
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Join Date: Aug 2005
Location: St. Odo of Cluny Parish
Posts: 29,043
The land is priced too high, that's why it won't sell.

Anyway, have the other two buy you out or vice versa.
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