Your Guide to Selling a House with Multiple Owners

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 the professionals on selling a house with multiple owners.

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Selling a house is always complicated, especially when you have multiple owners. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you. Our service is 100% free, with no catch. Agents don’t pay us to be listed, so you get the best match.

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Disclaimer: This article is for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight encourages you to reach out to a local professional regarding your specific situation and the applicable laws in your state. 



from HomeLight Blog https://www.homelight.com/blog/selling-a-house-with-multiple-owners/

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