Your Guide to Selling a House with Multiple Owners
Selling a house with multiple owners can be difficult, but planning ahead with professional help can go a long way. Here's what to know.
When you buy a house with other people, you gain the luxury of sharing the load. Surprise repairs, bills, yard care, and maintenance become a group effort.
Sometimes, it’s a chance to go in on a rental property when you can’t afford to do so alone, or maybe you’re buying that vacation house you’ve always dreamed about with friends.
But selling a house with multiple owners can be a nightmare scenario if it isn’t planned out. And if everyone involved isn’t aligned from the start, you can end up disagreeing on important details when it comes time to sell — potentially wrecking the sale and wasting everyone’s valuable time.
Fortunately, there are ways to set up a smooth sale on a co-owned property. In this guide, we dive into some of the types of co-ownership scenarios you should know about, look at the advantages and disadvantages of each, and lay out tips from professionals on selling a house with multiple owners.
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