I am not married but own a house with another person
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I am not married but own a house with another person
And I would like to know in detail
what it takes to actually sell the
property., because it seems to be
an issue with the other person
involved they do not want to sell
or leave the house and as I said
we both own the house we’re both
on the deed
Asked on June 13, 2016 under Real Estate Law, Georgia
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
When co-owners of property cannot agree on whether or not to sell (or other matters of ownership), the law allows for a legal remedy known as "partition". This is a legal tool that is employed in a situation such as yours. It entails going before a judge who will either order a division of the property, if practical. If not, then they will order that the property be sold and the proceeds distributed equitably. However, in the event of a forced sale, the court will allow any owner who wishes to retain the property the right of "first refusal" which means that they can offer to buy out the party,for fair market value before it is offered to the public. That having been said, a partition action is time-consuming and expensive. Accordingly, you may want to explain this to the other owner. It's quite possible that after having done so, they will be more agreeable to try and work things out without the need of going to court.
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