Selling a Property You Co-Own With a Family Member

Co-owning a home with a sibling, parent, or relative might seem like a great idea—until it's time to sell. Whether the property was inherited, purchased together, or gifted by another family member, selling jointly-owned real estate can get complicated fast.

At MG Property Bros, we help families across the U.S. sell shared properties quickly, fairly, and without conflict. Here's what you need to know about your options and how to move forward peacefully (and profitably).

Why Do Families Co-Own Homes?

Family co-ownership happens in many situations:

• Inherited property from a parent or grandparent

• Joint investment between siblings or cousins

• Living arrangement for aging parents or multigenerational homes

• Co-signed purchase when one party needed help with financing

At first, it may work well—but when life changes, selling becomes necessary.

Common Challenges When Selling With Family

Selling a house with a family member can lead to tension, especially if you're not aligned on goals or timelines. Here are common obstacles:

• Disagreements on when or how to sell
• One party wants to keep the property
• One person is living in the home rent-free
• Unclear division of maintenance costs or equity
• Emotional ties to the home
• Legal issues if multiple heirs are involved

What Are Your Options?

Option 1: Agree to Sell and Split Proceeds

This is the cleanest and fastest solution. If all parties agree:

• Hire a real estate attorney (optional but helpful)
• Determine the home’s value
• Choose a buyer (MG Property Bros can help here!)
• Sign off and divide profits fairly

MG Property Bros can even help you sell without cleaning, repairs, or showings—making the process easy for everyone involved.

Option 2: Buy the Other Person Out

If one party wants to keep the home, they can refinance and buy out the other. This often happens with inherited properties when one sibling wants to live there and the other wants cash.

Key considerations:

• Is the buyer able to qualify for financing?
• Can they afford to pay fair market value?
• Will this preserve the family relationship?

Option 3: Partition Sale (Legal Option)

If you can’t agree, the court can order a partition sale, forcing the property to be sold and proceeds divided. This is a last resort—it can be costly, stressful, and hurt relationships.

Tips for Selling a Co-Owned Home Smoothly

1. Communicate early and often
2. Get the home appraised so everyone agrees on value
3. Put everything in writing (agreements, repairs, costs)
4. Use a neutral third party to handle the sale
5. Avoid dragging things out—holding costs add up fast
6. Work with professionals who understand family sales (like us!)

Why Sellers Choose MG Property Bros

We’re not just investors—we’re problem solvers. When families call us, it’s usually because they want:

• A neutral, fair, and compassionate buyer

• A fast cash offer everyone can agree on

• No repairs, agents, or fees

• A flexible closing date that fits everyone’s needs

• A way to sell without family drama or drawn-out negotiations

We specialize in these delicate situations and are known for helping families move forward without the mess.

Ready to Sell Your Co-Owned Property?

Selling a house with a sibling, cousin, or parent doesn't have to turn into a legal headache. Let MG Property Bros help you move on with cash in hand—and peace of mind.

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