Q: Can I ask for more money than the other co-owners when selling an inherited home?
I want to sell the home for Fair Market Value. The mother of buyer wants to sell for less. Buyer agreed to pay me more so does the mother determine how much I will get from the sale? The home is co-owner by 3 people.
A: In the absence of an agreement to the contrary, equal co-owners will split the net proceeds of the sale in equal portions. So, in your situation, you need to reach an agreement with all three co-owners that you will receive a greater portion. If one of the co-owners is a minor, the minor's parent can usually act on the minor's behalf in making such an agreement.
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