How should I go about selling a property I bought with my ex-partner?

We are on decent terms, but like fools, we didn’t sign any sort of pre-purchase agreements on what to do with the property or outlining our rights. So we have a jointly owned home. She has agreed (verbally) to sell this summer. I want to do right by us both as we entered this in good faith, but I also want to make sure I’m protecting myself and my interests. What should I know?

Info that might be relevant:
– We have verbal agreement that ~$12,000 in expenses over the past few years was home-ownership costs that we are mutually responsible for, yet it came out of my pocket. The expectation is that I will be reimbursed for my share out of the proceeds -before- the remainder is evenly divided.
– We have tenants currently in the place
– Neither of us has much in the way of liquid capital and I’m worried about financing whatever needs to be done to prepare the property for sale. I’ve been assured that this will not really be an issue, as I can likely get a loan or roll those costs up under an agreement with my realtor/agent, but I wanted to know if there’s anything I should consider here.

Additionally I want to know:
– How should I get started with all of this? Should I speak to a lawyer first to review my options? What sort of lawyer should I seek?
– How should I go about finding an Agent? Should I avoid Redfin and the like?
– What should I expect when I’m going through this process?

submitted by /u/polyphonyrequiem
[link] [comments]

We are on decent terms, but like fools, we didn’t sign any sort of pre-purchase agreements on what to do with the property or outlining our rights. So we have a jointly owned home. She has agreed (verbally) to sell this summer. I want to do right by us both as we entered this in good faith, but I also want to make sure I’m protecting myself and my interests. What should I know? Info that might be relevant: – We have verbal agreement that ~$12,000 in expenses over the past few years was home-ownership costs that we are mutually responsible for, yet it came out of my pocket. The expectation is that I will be reimbursed for my share out of the proceeds -before- the remainder is evenly divided. – We have tenants currently in the place – Neither of us has much in the way of liquid capital and I’m worried about financing whatever needs to be done to prepare the property for sale. I’ve been assured that this will not really be an issue, as I can likely get a loan or roll those costs up under an agreement with my realtor/agent, but I wanted to know if there’s anything I should consider here. Additionally I want to know: – How should I get started with all of this? Should I speak to a lawyer first to review my options? What sort of lawyer should I seek? – How should I go about finding an Agent? Should I avoid Redfin and the like? – What should I expect when I’m going through this process? submitted by /u/polyphonyrequiem [link] [comments]

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