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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.

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Buying a House with a Friend: Pros, Cons, and Key Considerations

Redfin

Having a friend alongside you to help with the complexities, de-stress when you need a break, and go all out on the latest interior design trends can ease the process, and even make it fun. You’ll not only be sharing a living space with this person, but finances and responsibilities as well. It also has specific rights of survivorship.

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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. If a co-buyer dies, their ownership passes along to their designated heir. Unlike Tenancy in Common, co-owners must receive approval before selling any property shares.