Co-ownership of a property allows participants to purchase property that would otherwise be beyond their means. For example, co-ownership is an excellent way for close friends or family members to help split the costs of a shared property or several properties in vacation spots, such as a beachfront property and a mountain home.
Co-ownership also eliminates the need to earn income by renting out your second home to strangers in an attempt to recoup some of your expenses. Of course, it’s best to discuss the exit strategy at the time of purchase so that you have no issues arise over selling a co-owned property.
If you are a co-owner of a property and you are ready to sell, read on as we explore what you should know about selling a co-owned property in Arlington. Please note that this article is for informational purposes, not financial or legal advice.
Suppose you are considering listing your co-owned property in Arlington on your own to save the real estate commissions. First, you should know that only about 11 percent of FSBO listings are successful. Whether you sell on your own or enlist a licensed real estate agent, marketing expenses typically include professional photographers and stagers to help earn the highest possible profit on the sale. Additionally, you will need to prep and complete any repairs because buyers seek properties that are in ready-to-move-in condition. Suppose you are not interested in putting in the time, money or effort to ready the property. In that case, you should know that professional buyers like those at FortHomeBuyers buy property in as-is condition for cash. Finally, suppose you are considering paying an agent’s commissions because you want to work with a professional to assist you with the sale. In that case, it is helpful to know that professional buyers at FortHomeBuyers never charge commissions or brokers fees.
The property you are selling may be under different categories of ownership. This can affect how the process moves forward and how much energy is required at each stage, as well as your final result. Professional buyers like FortHomeBuyers, a full-service company with all the necessary professionals to help make it easier for you, provide numerous advantages when purchasing your home. They can even help you save more money with their team of experts who are familiar with closing and title processes. It’s important to understand how the ownership category may affect your sale, and professional buyers at FortHomeBuyers are here to help in that regard. They provide full-service support from a team of professionals who have extensive experience in the Arlington real estate market. This includes attorneys, closings, titles, and countless other factors that will help ensure a smooth process for you as well as great results. With FortHomeBuyers’ trusted expertise and experience, you can be confident that every step of your transaction will be handled professionally while still providing excellent value for both parties involved.
Selling a co-owned property in Arlington doesn’t have to be complicated. You will have the details of how much you’d earn by listing vs. the offer from FortHomeBuyers, which you’ll agree is fair. At FortHomeBuyers, we believe in total transparency, so you will feel good about working with us long after the transaction closes. We are your neighbors here in Arlington who live and work alongside you, and we’re proud of our work. The professional buyers at FortHomeBuyers have the power of cash backing our offer, and they can provide you and the other owners with a guaranteed closing date, often within a matter of days, or we can work out the time that suits your plans best. At FortHomeBuyers, we aim to make selling a co-owned property in Arlington quick, easy and convenient. Call FortHomeBuyers at (817) 796-6203.