article thumbnail

Homeownership Terms to Know: Rent-Back Agreement, Joint Tenancy & More

Windemere Buying

For all your planning, successfully executing both transactions is predicated on a variety of factors, including the local market conditions in both places. And in a competitive market, making an offer that gives the seller flexibility in their moving timeline may help it stand out amongst the competition. Tenancy In Common.

article thumbnail

Is Co-Buying a Home Right For You?

Windemere Buying

Tenancy in Common (TIC) When co-buyers hold a title as tenants in common, shares of the property can be divided equally or unequally. With Tenancy in Common, a co-owner may sell their shares of the property at any time, without the need for approval from other co-owners.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Crucial Questions To Ask Your Partner Before Buying a House Together

Realtor.com

“This points to illiquidity in the market and pricing pressure, which is a risk for buyers,” Bernstein says, Pro tip: As a couple, consider rating, on a scale of 1 to 10 (with 10 being “must have it” and 1 being “seriously, this is what you’re obsessing about?”)

article thumbnail

Your Guide to Selling a House with Multiple Owners

HomeLight

Here are a few of the most common types of home co-ownership scenarios , along with how each situation could affect your sale: Tenancy in Common. A tenancy in common is one situation where multiple people can own the same home. You also don’t have to be married to enter into tenancy in common.

article thumbnail

8 Unusual Real Estate Words and Terms That’ll Blow Your Agent’s Mind If You Know Them

Lighter Side of Real Estate

But this isn’t referring to a listing that’s about to come on the market, a lis pendens is an official notice to the public that there’s a claim on the property and / or a lawsuit has been filed against it.

article thumbnail

Can I Sell My House Without Both Owners’ Signatures?

HomeLight

You think the market has peaked and want to cash out but your partner disagrees. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. You’re going through a divorce and your spouse doesn’t want to sell the home.