Owning a house with others can be beneficial, but selling it can present challenges. Disputes over price, timing, and methods can complicate the process, especially during contentious situations like a divorce. Here’s a comprehensive guide on how to sell a house in Arizona when there are multiple owners.
Table of Contents
1. Find Out Exactly How the Title Is Held
3. Legal Issues
Find Out Exactly How the Title Is Held
The first step in selling a house with multiple owners is determining how the title is held. This will define the ownership structure and the process required for selling the property.
Types of Joint Ownership
• Joint Tenants: Each owner has an equal share. All owners must agree to sell the property.
• Tenants in Common: Each owner has a separate, undivided interest. Owners can sell their shares independently. If an agreement to sell the whole property can’t be reached, the court may intervene to force a sale.
Example: “If you are joint tenants, you each own an equal share. Both owners must consent to a sale. Tenants in common share separate, undivided interest in the home. Each tenant can sell or give away their share independently.”
How to Reach an Agreement
Reaching an agreement early among all owners is crucial for a smooth sale. Ideally, multiple owners would discuss and agree on the sale terms when purchasing or inheriting the property, but this doesn’t always happen.
Setting Guidelines
Before contacting a real estate agent, set guidelines regarding:
• Sale price
• Sale date
• Terms of sale
• Any potential repairs or improvements
Hiring an Experienced Agent
An Arizona agent experienced in handling properties with multiple owners can be a valuable asset. They can mediate discussions and help align all parties towards a common goal. For professional guidance, consider contacting MST Homes.
Legal Issues
Selling a house with multiple owners often involves more legal issues. Liens, loans, and unfavorable legal judgments against one owner can complicate the sale.
Common Legal Issues
• Liens: Tax liens, mechanics liens, or unpaid support payments.
• Loans: Outstanding mortgages or other debts secured by the property.
• Judgments: Legal judgments affecting one owner can impact the sale.
Example: “A home seller who owes creditors may incur liens against their name and real estate owned. Tax liens and other major delinquent debt resulting in legal judgments against one seller can affect the sale of a home.”
If legal issues are a concern, seek advice from a real estate professional. For legal guidance, visit AZLawHelp.org.
The Investor Advantage
Selling to an investor can simplify the process. Investors can buy properties quickly, often in any condition, reducing the hassle of traditional sales.
Benefits of Selling to an Investor
• Quick Sale: Fast closings can be particularly beneficial during contentious situations.
• As-Is Sales: Investors typically buy properties as-is, eliminating the need for repairs or updates.
If you’re considering selling your property to an investor, contact us at 602.625.0806 for a hassle-free experience.
Local Resources
Check out our latest Blog Posts Below:
- Selling Distressed Property: How to Sell a Distressed House in Arizona
- Guide to Selling Inherited Property in Arizona [Updated 2025]
- Selling a House During Divorce in Arizona
- Can I Sell My House To Avoid Foreclosure in Phoenix, Arizona?
- Top 10 Best Fixes to Sell My House Fast in Phoenix, Arizona
Patriot Flip is an Arizona Cash Home Buyer, helping homeowners Sell Houses Fast for Cash. Click on your City or one nearest to you to request a Cash Offer today.
Author: Mark St. Peter
Mark St. Peter is a real estate professional with extensive experience in real estate investing, real estate sales and building businesses. He’s covered real estate across northern California, as well as Arizona.
Mark founded Patriot Flip to assist homeowners looking for alternative solutions for selling a property, rather than going the traditional route of paying commission, hidden fees and long waiting times.