How do I determine the fair market value of my inherited share when other heirs are selling to one person?: North Carolina

How do I determine the fair market value of my inherited share when other heirs are selling to one person? – North Carolina Short Answer In North Carolina, fair market value for a co-owned inherited tract is determined by valuing the whole property and multiplying by your fractional share. If the land qualifies as “heirs…

What are the steps to sever and survey my portion of co-owned land into a separate parcel?: North Carolina partition and heirs’ property guide

What are the steps to sever and survey my portion of co-owned land into a separate parcel? – North Carolina Short Answer In North Carolina, a co-owner can either (1) reach a written agreement with all co-owners to voluntarily divide the land and record a survey, or (2) start a partition special proceeding before the…

What are my options if we can’t agree on a buyout and need court intervention?: North Carolina partition options when negotiations fail

What are my options if we can’t agree on a buyout and need court intervention? – North Carolina Short Answer In North Carolina, any co-owner can file a partition special proceeding with the Clerk of Superior Court in the county where the property sits. The court first looks to divide the property fairly in kind;…