What happens when a co-owner wants out?
Co-ownership eventually concludes through a sale, transfer, or death. Without a plan, the unwind can be costly.
We help CoBuyers create and document an exit strategy as part of our process. Developing a clear plan for how to handle various exit scenarios protects the parties involved and provides peace of mind.
In our 2021 survey of U.S. co-buyers:
- 88% of respondents said they need help with the co-buying process
- Only 44% of respondents said they need help planning an exit strategy
Planning an exit strategy is a critical part of the co-buying process. Thinking in terms of the full co-ownership lifecycle saves time, money, and stress. It also makes co-ownership more enjoyable.