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02-11-2007, 01:49 PM
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Member
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Join Date: Feb 2007
Location: Key West
20 posts, read 18,927 times
Reputation: 20
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Need help with a house in Cave Junction
I have a 1/3 interest in a house in Cave Junction. What do you think I can do with 1/3 ownership?
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02-11-2007, 05:29 PM
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Senior Member
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Join Date: Jun 2006
Location: Oregon Coast
1,703 posts, read 1,698,498 times
Reputation: 960
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Well I guess you could use your 1/3 interested to stay there for a vacation. I don't know what the other owners are doing with the house but it could be rented out for income. That's all the ideas I have for it. Maybe someone else has an idea.
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02-11-2007, 07:35 PM
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Senior Member
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Join Date: Aug 2006
Location: Socialist Republik of Amerika
5,810 posts, read 2,927,739 times
Reputation: 762
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What do you want to do with it?
It the ownership with family?
Is it an investment?
What are the particulars to the other owners?
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02-12-2007, 08:37 PM
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Educate,Inspire,Motivate
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Join Date: Nov 2006
Location: Albany, OR
538 posts, read 499,135 times
Reputation: 280
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I'd have a local REALTOR do a market analysis and see if the other owners would buy me out for fair market value...unless there is something that you'd LIKE to do with it (vacation home or generate other income)...
Get a feel for the local market and an idea if you stand more chance of making money in the long term by holding it (and letting it appreciate); or taking the cash and putting it in a money market or other solid investment.
DavePautsch
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02-13-2007, 09:20 PM
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Member
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Join Date: Feb 2007
Location: Key West
20 posts, read 18,927 times
Reputation: 20
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The house was vacant for about 3 years.
The house was left to us 3 brothers with 1/3 interest each.
We 3 do not communicate and don't want to communicate.(all out of state)
Recently the oldest brother rented the house.
My two brothers want to sell the house but I don't want to sell my 1/3 share.
I would like to use the house 1/3 of the time.
What do you think?
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02-14-2007, 05:55 PM
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Senior Member
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Join Date: Aug 2006
Location: Socialist Republik of Amerika
5,810 posts, read 2,927,739 times
Reputation: 762
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Usually when one or more of the parties wish to sell the one that does not should by them out. If this is not possible then the other parties usually force a sale if there is disagreement.
If there is no communication then? What does one do?
You may have a argument that it is not the best time to sell and that may give some time to rebuild consensus among you and your brothers.
Unfortunately where there is contest, it ends up to the court to decide.
My grandfather had 110 acres on the coast and his investors wanted to sell, He did not want to buy them out, being that he was 50% owner and they wanted millions. The investors took it to court and now it belongs to the state.
freedom
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01-30-2008, 11:22 PM
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Member
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Join Date: Jan 2008
29 posts, read 28,538 times
Reputation: 11
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Quote:
Originally Posted by freedom
Usually when one or more of the parties wish to sell the one that does not should by them out. If this is not possible then the other parties usually force a sale if there is disagreement.
If there is no communication then? What does one do?
You may have a argument that it is not the best time to sell and that may give some time to rebuild consensus among you and your brothers.
Unfortunately where there is contest, it ends up to the court to decide.
My grandfather had 110 acres on the coast and his investors wanted to sell, He did not want to buy them out, being that he was 50% owner and they wanted millions. The investors took it to court and now it belongs to the state.
freedom
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that reminds me of a picture of two people pulling on each end of a cow and a lawyer sitting milking the cow. |
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08-27-2009, 02:34 PM
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Junior Member
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Join Date: Aug 2009
Reputation: 10
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Quote:
Originally Posted by CGC018335
The house was vacant for about 3 years.
The house was left to us 3 brothers with 1/3 interest each.
We 3 do not communicate and don't want to communicate.(all out of state)
Recently the oldest brother rented the house.
My two brothers want to sell the house but I don't want to sell my 1/3 share.
I would like to use the house 1/3 of the time.
What do you think?
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Hello, I have just read your quote about your third of a home in c.j. oregon. i am looking to relocate back there soon. wold you be interested in renting it? |
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08-29-2009, 07:51 AM
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Senior Member
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Join Date: Oct 2008
Location: 'Shangri-La 'mountains west of Wolf Creek, Oregon
2,100 posts, read 663,396 times
Reputation: 816
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Quote:
Originally Posted by sue benavides
Hello, I have just read your quote about your third of a home in c.j. oregon. i am looking to relocate back there soon. wold you be interested in renting it?
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He posted that 2 1/2 years ago...
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