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

Windemere Buying

A rent-back agreement (also known as a sale lease-back) is tailor-made for homeowners who are buying a home while selling their current one. For all your planning, successfully executing both transactions is predicated on a variety of factors, including the local market conditions in both places. Tenancy In Common.

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

Realtor.com

For instance, if you see a sea of “For Sale” signs in a neighborhood, look elsewhere, advises Alison Bernstein , the founder of Suburban Jungle, a company that helps families find their ideal suburb. Meanwhile, under tenancy in common , each person has a distinct, separately transferable interest in the property.

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Your Guide to Selling a House with Multiple Owners

HomeLight

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 all of the owners’ valuable time. Fortunately, there are ways to set up a smooth sale on a co-owned property. Joint Tenancy.

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

Lighter Side of Real Estate

6) Lis pendens Youve Been Served Mcjuggernuggets GIF from Youve Been Served GIFs Lis pendens sounds like a Latin term for when you see a for sale sign that says “Coming Soon” go up on someone’s front yard. So if you own property on a pond or lake, you can walk into the dead center of it and still be on your property.

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Can I Sell My House Without Both Owners’ Signatures?

HomeLight

If you own the home with your spouse or partner, the process is relatively straightforward when both parties are available to sign all of the documents involved in the sale process. You think the market has peaked and want to cash out but your partner disagrees. You may be able to compel a sale. How Much Is Your Home Worth Now?