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Selling a house when you have roommates can be a little more complicated than when you are the sole owner. You may be wondering what additional steps you may need to take if you decide to sell your house fast but have roommates. Roommates do have rights. As with all legal matters, naturally, it’s best to understand them before your roommate is in place, but as life has a way of changing our financial and personal circumstances, selling the property may be part of the solution we require. With guidance, you can handle the situation calmly and professionally, maintaining peace with your roommates. So read on as we explore what you need to know about selling your house fast in Denver when you have roommates.
If you own the house with your roommates, you will need to determine how the proceeds from the sale will be divided. The proceeds will be split equally if you are all on the title as joint tenants. If you are on the title as tenants in common, the proceeds will be divided according to each owner’s share of the property.
If you are the owner of the property, it’s best to have your roommate onboard with the sale. Otherwise, you may need to take steps through legal channels. Highly-seasoned professional buyers like those at Dragonfly Investment and Development can help you avoid the headaches and expense of uncooperative roommates. We can work with timelines, downsizing and moving logistics, flexible closing dates, and rent-back situations. The pros at Dragonfly Investment and Development are local real estate investors; they and their team are passionate about helping other investors succeed. You will benefit from the vast experience of the professional buyers at Dragonfly Investment and Development in dealing with people in all types of circumstances and walks of life. At Dragonfly Investment and Development, our professional buyers can help you develop the right approach to gain the approval and cooperation of your roommates. Sell my house fast with roommates is still possible, you just need to keep the lines of communication open.
Work with your roommates to set a timeline for the sale. This includes determining when the house will be listed for sale, how long you will allow for showings and open houses, and when the final closing date will be.
One of the benefits of working with an all-cash buyer is that you don’t have to prepare the house to be listed on the market. This can be beneficial for everyone involved reducing stress and worry.
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