Undivided Interest: Selling Your Co-Owned Land in Maine

Owning land with others can be a complex situation, especially when it comes to selling co-owned property in Maine. Whether you’ve inherited the property, jointly purchased it, or find yourself in a co-ownership situation, understanding the legal and practical aspects of selling co-owned land is crucial. In this article, we’ll explore the process of selling your co-owned land in Maine, potential challenges, legal considerations, and tips for a successful sale.

Understanding Co-Ownership of Real Estate in Maine

When multiple individuals own a property together, they each have an undivided interest in the entire property, rather than owning specific portions. Whether the co-ownership is through joint tenancy or tenancy in common, each owner has the right to possess and use the entire property.

Types of Co-Ownership in Maine

In Maine, joint tenancy and tenancy in common are the two primary forms of co-ownership. Joint tenancy involves equal ownership shares among the co-owners, with the right of survivorship. On the other hand, tenancy in common allows for unequal ownership shares and does not include the right of survivorship.

Selling Co-Owned Land without an Agent

Selling co-owned land in Maine without involving a real estate agent is possible but requires careful planning and coordination among the co-owners. The first step is to reach a consensus among all co-owners regarding the decision to sell the property. Establishing clear communication and transparent decision-making processes are essential to streamline the selling process.

Legal Considerations and Potential Challenges

Navigating the legal aspects of selling co-owned land in Maine can present challenges, particularly when co-owners have differing opinions or are located in different geographical areas. Understanding the rights and responsibilities of each co-owner, as well as the legal procedures for selling co-owned property, is crucial to avoid potential conflicts and ensure a smooth transaction.

Steps Involved in Selling Co-Owned Land

  1. Agreement among Co-Owners: All co-owners must agree to sell the property and determine the terms of the sale, including the listing price, division of sale proceeds, and any conditions of the sale.
  2. Property Valuation: Obtaining a professional appraisal or valuation of the co-owned land to determine its current market value is essential for setting a realistic selling price.
  3. Listing the Property: Marketing the property for sale through various channels, such as online listings, local publications, and word-of-mouth, to attract potential buyers.
  4. Negotiation and Sale Process: Coordinating with potential buyers, negotiating offers, and finalizing the sale agreement while adhering to legal requirements and disclosures.

Tips for a Successful Sale of Co-Owned Land

  • Open Communication: Maintain open and transparent communication among all co-owners throughout the selling process to ensure everyone is informed and involved in decision-making.
  • Legal Guidance: Seek legal advice from a qualified real estate attorney in Maine to navigate the legal complexities and ensure all aspects of the sale comply with state laws.
  • Fair Division of Proceeds: Establish a fair and equitable plan for dividing the sale proceeds among the co-owners, considering their respective ownership interests and contributions to the property.


Selling co-owned land in Maine involves various legal, logistical, and interpersonal considerations. By understanding the co-ownership dynamics, legal implications, and practical steps involved in the selling process, co-owners can navigate the sale of their property more effectively. Seeking professional guidance and fostering collaborative decision-making among co-owners are key to achieving a successful sale of co-owned land in Maine.

Receive a Free Online Quote From a Cash Buyer

Set Up A Time For A No-Cost Consultation

We’re here to help you in any way we can So, whether you are ready to get started right away, or just need some information. Start below by sharing today and ease any unnecessary burdens quickly. We're ready to help you immediately!
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *