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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 all of the owners’ valuable time. Fortunately, there are ways to set up a smooth sale on a co-owned property. Use a Top Agent to Help Sell Your Co-owned House.
The following homeownership agreements provide alternatives to a traditional home purchase. Rent-Back Agreement. A rent-back agreement (also known as a sale lease-back) is tailor-made for homeowners who are buying a home while selling their current one. Joint Tenancy. Tenancy In Common.
If you own the home with your spouse or partner, the process is relatively straightforward when both parties are available to sign all of the documents involved in the sale process. Oldham and his wife Jennifer are top-selling agents in California who work with 70% more single-family homes than the average San Jose area agent.
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