Owning a house with other people has a number of marked advantages: the financial burden of bills and repairs can be shared, and the labor of, say, yard work and maintenance is usually spread among multiple owners. But problems can come up when it’s time to sell. While the actual selling process is pretty much the same as with a single-owner home, bitter disputes – concerning, for example, what price to ask, when to sell, and how to sell – among the owners can arise that make selling no less than infuriating. Add in even more contentious situations, such as selling a house during divorce, and the process gets complicated even further.
Find Out Exactly How the Title Is Held
The first — and perhaps most important — step to sell a house in Myrtle Beach when there are multiple owners is determining exactly how the title is held. Before you can think about listing or negotiating, you need to know who legally owns the property and in what capacity.
In South Carolina, the most common types of co-ownership are joint tenancy and tenancy in common. When two or more people buy or inherit a property, they become co-owners. If the ownership type isn’t clearly stated on the deed, it’s typically assumed to be tenancy in common by default. This means each owner holds a separate share of the home, and those shares don’t have to be equal.
To sell a property, all co-owners must communicate and reach a mutual agreement. If disagreements arise and no compromise can be found, the court can step in to order a sale and divide the proceeds accordingly.
There are other forms of joint ownership, so it’s important to review your deed carefully. For example, joint tenants each own equal shares and must all agree to a sale. In contrast, tenants in common can sell or transfer their share independently — though in practice, both owners must usually agree to complete the sale of the entire property.
Here’s how professionals often explain it:
“If you are joint tenants, you each own an equal share, and both owners must consent to a sale. Tenants in common share separate, undivided interests in the property, and one owner can sell or give away their share. If both wish to sell, the proceeds are divided according to ownership percentage. One owner may also buy out the other to simplify the process.”
How to Reach an Agreement
Reaching an agreement early among co-owners to sell a house in Myrtle Beach is the best-case scenario. Ideally, the decision to sell would have been discussed when the home was first purchased or inherited — but that’s not always the case.
It’s no easy task to get multiple parties to agree on key details like which offer to accept, the listing price, or move-out timelines. Before contacting an agent or buyer, it’s wise to set some guidelines upfront — including price expectations, closing dates, and terms of sale. This proactive approach helps minimize conflict and ensures a smoother transaction.
A local Myrtle Beach real estate professional with experience in multi-owner sales can be a tremendous asset. They’ll understand how to navigate sensitive co-owner relationships while ensuring compliance with South Carolina real estate law. To discover more, just call (843) 256-8393.
Legal Issues
If you plan to sell a house in Myrtle Beach when there are multiple owners, be prepared for additional legal considerations. Each owner’s financial history can impact the transaction.
Liens, unpaid loans, or court judgments against one co-owner can complicate or delay the sale for everyone involved. For instance, tax liens, mechanic’s liens, or unpaid child/spousal support can prevent a clear title transfer until those debts are resolved.
Here’s a key example: an IRS tax lien must typically be repaid before or at closing using the home’s sale proceeds. This reduces the total net profit each owner receives after closing.
If you suspect legal issues may affect your ability to sell a co-owned property, contact a Myrtle Beach real estate professional or experienced homebuyer at (843) 256-8393 for advice before listing.
The Investor Advantage
Selling a house with multiple owners can be complicated, especially if communication breaks down or legal issues surface. While the process mirrors a single-owner sale on paper, the added layers of co-ownership, negotiations, and potential disputes can make it much more stressful.
That’s where working with an experienced Myrtle Beach homebuyer like Dynamic Home Buyers makes all the difference. We regularly help property owners navigate challenging situations — including homes with multiple owners, inherited properties, or title issues.
We buy houses in Myrtle Beach and across Horry County as-is for cash, with no commissions, repairs, or delays. Whether you’re trying to sell quickly or simplify a complicated co-ownership arrangement, we can help you move forward with confidence.
The Myrtle Beach market remains steady in Fall 2025, with median home prices around $365,000 — up roughly 4% year-over-year, according to recent MLS data. However, with increased mortgage rates and growing financial pressure on homeowners, selling to an investor can often result in a faster, stress-free closing compared to traditional listings.
If it’s your goal to sell a house in Myrtle Beach with multiple owners, contact Dynamic Home Buyers today at (843) 256-8393. We’ll walk you through your options and help you reach a fair, fast solution that works for everyone involved.