soulslayer
Junior Member
What is the name of your state? NC
I live in VA, but the property is in NC.
I inherited 1/3 ownership of a commercial property a few years ago when my father died. I want to sell the property, but the other owners are holding onto it waiting for an upgrade that will allow the land to sell for a higher price.
Can I legally sell my 1/3 of the property to another buyer and then let them hold on the full sale with the remaining two owners?
If so, what amount of taxes will be levied on such a transaction?
Also, I'm married. Can I complete this sale myself, or does my husband have to sign off on the sale as well, since it was left to me via an inheritance?
I live in VA, but the property is in NC.
I inherited 1/3 ownership of a commercial property a few years ago when my father died. I want to sell the property, but the other owners are holding onto it waiting for an upgrade that will allow the land to sell for a higher price.
Can I legally sell my 1/3 of the property to another buyer and then let them hold on the full sale with the remaining two owners?
If so, what amount of taxes will be levied on such a transaction?
Also, I'm married. Can I complete this sale myself, or does my husband have to sign off on the sale as well, since it was left to me via an inheritance?