How can I sell my third of a shared-property?
Q.
I inherited one third of property and I want to sell my third.
What steps do I need to take in order to sell?
A.
First talk to the executor of the estate to ensure the property
can be sold at this time. Then talk to the other beneficiaries to
see if they are prepared to buy your share from you. If they do you
will need to talk to a valuer to arrange a mutually agreeable
valuation - if they will not buy your share it will be extremely
difficult to find a buyer for just one-third of the property.
Each week financial advisor Noel Whittaker answers your
questions.
