What information does a surveyor need to estimate the cost to subdivide a parcel into multiple tracts? nc

What information does a surveyor need to estimate the cost to subdivide a parcel into multiple tracts? – North Carolina Short Answer In North Carolina, a surveyor usually needs the current deed/legal description, an idea of how many tracts are being created, and the local subdivision and zoning requirements for the property’s county or municipality…

How does a buyout work when some co-owners want to keep the property and another co-owner wants to cash out their share? NC

How does a buyout work when some co-owners want to keep the property and another co-owner wants to cash out their share? – North Carolina Short Answer In North Carolina, a “buyout” between co-owners usually happens by agreement (a settlement) where the co-owners who want to keep the home pay the cash-out co-owner for that…

Can the co-owners agree to a partition in kind instead of selling the property and splitting the proceeds? nc

Can the co-owners agree to a partition in kind instead of selling the property and splitting the proceeds? – North Carolina Short Answer Yes. In North Carolina, co-owners can agree to divide the land into separate parcels (an “actual partition,” often called a partition in kind) rather than sell it, and the court can order…