Sunday, June 22, 2014

Do all 3 owners of a real estate property need to be listed as sellers on the sales contract if the property is being sold to one of the own...

Question

Do all 3 owners of a real estate property need to be listed as sellers on the sales contract if the property is being sold to one of the owners? Or does the sales contract list only the 2 original owners selling the property and the remaining original owner as the buyer? Is the sales price listed on the contract the price for the entire property or only for the partial amount (i.e.: Value of property $100, amount shown on sales contract $66 (2/3 * $100))?



Answer

All



Answer

You should hire an attorney to assist with purchase and sale so you get it right the first time



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