Legal Question in Real Estate Law in Florida

Real Estate/Real Property

I own 39% of a home. I want to sell my interest and am unsure of how to proceed. My business partner is not interested in buying me out. The value is approximately $50,000.


Asked on 6/25/09, 9:02 pm

1 Answer from Attorneys
Frank J. Pyle Probate Attorney Throughout Florida

Re: Real Estate/Real Property

Interesting %. You may sell your interest to anyone who is willing to buy it. However, very few are likely to be interested in buying a minority (or even a majority) interest in a piece of real property.

Either co-owner of real property may normally file a partition action with the circuit court asking that the property be sold and the proceeds distributed to the owners. You definitely would need the assistance of an attorney to that.

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Answered on 6/29/09, 11:50 am


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