Selling share of property to co owners

Get a registered valuer to value the place, your share is a third of this. The co-owners may be prepared to pay that less one third of the current loan amount, or they may want you to drop your price a little. It's your decision whether you accept their offer or not.

The chance of finding someone else who will buy you out who is also acceptable to the other owners is slight, if you want out it may pay to accept their offer.

If you do sell, ensure the other owners refinance the place so that you are no longer responsible for one third of the loan. Check with the bank that this has been done before you sign off on the transfer.

You have not had time to get a registered valuer in, the council valuation means diddly squat.

What you paid does not come into the equation, assuming you all contributed the same amount.

However if they are prepared to pay you an amount over the current net value take it and transfer the place to them.

Have an accountant check the figures before you sign anything.