Factors When Choosing Between Selling Property Outright vs. Equity Sharing Agreements
When you own a home, you have the option to sell it outright or to enter into an equity sharing agreement. Both options have their own set of considerations, so it's important to weigh your options before making a decision.
Selling your home outright means that you will receive all of the proceeds from the sale. You can use the money from the sale to pay off debt, invest in a new property, or save for retirement. However, you will no longer have any ownership stake in the property.
An equity sharing agreement allows you to retain some ownership in the property while also receiving some of the proceeds from the sale. This can be a good option if you're not ready to sell your property outright or if you want to keep some skin in the game. However, it's important to remember that you will still be responsible for paying your share of the mortgage, taxes, and insurance.
Both options have their pros and cons, so it's important to carefully consider your situation before making a decision. If you're not sure which option is right for you, talk to a real estate agent or financial advisor.
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