I have 2 family for sale on 1 parcel. I have a cash buyer who only wants to buy 1/2 or one side.

Yesman300
Home Seller
Columbus, OH

must I convert to a condo? is there an alternative?

Answers (3)
Dennis Swartz
Broker
43068

You could convert to a condo or check into making the units fee simple, but I think condo is the best answer. With a good attorney it is not as difficult as it may appear. Another option would be a partnership and find a buyer for the other side and make it a joint venture or partnership. Either way, it will be helpful to talk to an attorney but if it is not very much money it may not be worth it in the long run.

Sun Jun 7 2009, 11:53
Ed Favinger
Broker
Folsom, CA

I don't know your laws in your state.. but if you have a "Duplex" type building on 1 parcel in California you wouldn't not be able to do that without going through the "subdivision map act" process.

You are splitting the property...

Ask your real estate agent what the subdivision map laws are in your state...

Good luck...

Sat May 9 2009, 06:52
Tj Roberts,real...
Agent
43221
FIRST ANSWER

yesman,that or he buys whole and rent other half.good luck

TJ

Sat May 9 2009, 06:46

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