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 Orlando. Please note that this article is for informational purposes, not financial or legal advice.
Listing
Suppose you are considering listing your co-owned property in Orlando 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 Optimal Home Buyers 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 Optimal Home Buyers never charge commissions or brokers fees.
Title
When it comes to selling your home, there are a lot of factors that you need to consider. One of the biggest questions that many people have is how their property will be categorized and what this means for the sale process. There are three main ownership categories that real estate falls under: residential, commercial, and agricultural. Each type comes with its own set of unique advantages and disadvantages, as well as different considerations that must be taken into account when moving forward with a sale. Professional buyers like those at Optimal Home Buyers can help you understand these differences so that you can make an informed decision about how best to sell your home. Professional buyers have a full-service in-house team of the most highly regarded industry specialists from the Orlando real estate market. This means that they can provide you with guidance, support, and advice throughout every aspect of the selling process, including everything from attorneys to closing and title professionals. Not only will you save time with professional buyers when selling your home, but you can also save significant money as well.
Optimal Home Buyers
Selling a co-owned property in Orlando doesn’t have to be complicated. You will have the details of how much you’d earn by listing vs. the offer from Optimal Home Buyers, which you’ll agree is fair. At Optimal Home Buyers, 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 Orlando who live and work alongside you, and we’re proud of our work. The professional buyers at Optimal Home Buyers 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 Optimal Home Buyers, we aim to make selling a co-owned property in Orlando quick, easy and convenient. Call Optimal Home Buyers at (866) 982-5370.