Can you sell a piece of a house?

Can you sell a piece of a house?

 

A recent listing in Toronto is offering a 25% interest in a home, being one storey in a three story house. This apparently is being done in Montreal and San Francisco. Please read the attached article, where I am quoted as to why I believe that this will be difficult to achieve. Besides the issues about repair costs and the fair splitting of property tax and utility bills, it will be extremely difficult for a buyer to get financing for this type of purchase. Click here to read article:

 

http://www.thestar.com/business/2013/07/25/selling_a_threestorey_victorianstyle_home_piece_by_piece.html

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Yasir Hussain

Yasir Hussain

Sales Representative
CENTURY 21 Percy Fulton Ltd., Brokerage*
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