2 brothers & I are joint owners of a small house. How should can I take my name off the house?

Liz
Home Seller
Central State, Schen...

The house is valued at under $100K. There is no mortgage. I think I could gift my share to him or sell my share.

Answers (3)
Terry Korahais
Broker
Bayside, Queens, NY

Hi Liz- No matter how small the house is or low it is valued- are you giving them your 1/3? Are you getting bought out?. You can get a comparative market analysis (usually free) from a local Real Estae broker and find out what the value for the house is and let them buy you out. Between the 2 of them-they should pay you approx 33K-speak to an attorney and split the cost to draw documents. $100-$200.00 dollars-it'll be worth the expense. Terry K 718-614-3167 cell or email me therese.korahais@elliman.com

Mon Jun 22 2009, 16:05
Shelley Englert
Agent
Glens Falls, NY

Hello Liz,

You could also do a Quick Deed and file it through the County yourself. A Quick Deed can be purchsed at Staples or the County Clerks office will have one for you. There is a filing fee. But it is very minimal. Call your County Clerks office and speak to someone. It is a very easy process. Or you can contact an Attorney. My recommedation is to try it first yourself and save some money.

Shelley Englert,
shelley@all-americanproperties.com
518 812-5510

Sat Jun 20 2009, 09:30
Bill Eckler-Flo...
Agent
Venice, FL
FIRST ANSWER

Hi Liz,

This is a situation best referred to an attorney for their input. There may be other options that may be otherwise overlooked.

Good luck

Fri Jun 19 2009, 20:02

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