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 Baltimore. 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 Baltimore 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 CR of Maryland LLC 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 CR of Maryland LLC never charge commissions or brokers fees.
Title
If you’re thinking about selling your property, it’s important to consider how its current ownership category may affect the sale process. Professional buyers like those at CR of Maryland LLC are here to help you understand any advantages, disadvantages, and considerations that may be involved with your property’s sale. With a full-service team of experienced real estate professionals, CR of Maryland LLC is well-equipped to guide you through every step of the process – from selecting an attorney and making sure all legal requirements are met to finalizing the closing and securing your title insurance. Whether you’re looking for more money or savings overall when selling your property, working with professional buyers like those at CR of Maryland LLC can help make the process easier and more profitable for you. So why wait?
CR of Maryland LLC
Selling a co-owned property in Baltimore doesn’t have to be complicated. You will have the details of how much you’d earn by listing vs. the offer from CR of Maryland LLC, which you’ll agree is fair. At CR of Maryland LLC, 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 Baltimore who live and work alongside you, and we’re proud of our work. The professional buyers at CR of Maryland LLC 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 CR of Maryland LLC, we aim to make selling a co-owned property in Baltimore quick, easy and convenient. Call CR of Maryland LLC at (443) 391-7080.