Selling Mother's Home

My grandmother signed her home over to my mom and my uncle. My grandma died three years ago. My mom wants to sell the home, my uncle wants to rent it out. My uncle's argument, it'll be a steady flow of income since the home is paid off. My mom's argument, it's a 2-bed, 1-bath built in the '20s, it needs a lot of paint, electrical and plumbing to get it rent-ready; the double-lot is worth a lot, and a potential buyer could rebuild on the site. What's the best alternative? What's my mom's legal right since the ownership is 50/50?

Your mother's ownership is just that, 50/50. All decisions made on the property "should" be agreed upon by both parties. I would recommend having a licensed real estate agent come and look at the house for a valuation before making any decisions. A Realtor can give your family a very good idea of the property value, and marketability in our current conditions. That will assist in making the determination of fixing the home up to sell or to rent. If the home is needing a lot of repairs, putting more money into the home may not be the best solution. It will be of no cost for you to consult with a Realtor.