THE TOTAL FAMILY FARM IS ABOUT 145 AC....AND MY SISTER AND I OWN A THIRD TOGETHER.....WE WANT TO SELL NOW AND THE OTHER PARTIES ARE NOT SURE THEY WANT TO SELL ....PLEASE ADVISE
Banking Law Attorney
Short of convincing the other parties that it is in their best interests to sell, a partition action would be necessary. You would need to weigh the cost of this suit against the benefit anticipated from either getting the 1/3 that you and your sister own carved out into a separate tract; if the property cannot be fairly divided, then against a 1/3 share of proceeds from the sale of the entire parcel. If you want more information about partition, you should contact an competent Texas attorney who practices real estate law.
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5 lawyers agree
Thank you for your question. I agree with the previous response. I would strongly recommend having an attorney review the deed and related agreements concerning the ownership of the land in order to properly advise you on the best course of action based upon your goals.
2 lawyers agree