When heirs disagree about selling, buyouts are sometimes discussed.
What Is a Buyout?
A buyout occurs when:
- One heir purchases another heir’s share
- Ownership becomes simplified
- Decision-making becomes easier
Challenges With Buyouts
- Determining fair value
- Securing financing if needed
- Resolving title issues first
Buyouts can work, but they don’t remove the need for clean title.
When Selling May Be Simpler
If:
- No one wants full ownership
- Financing is unavailable
- Title is messy
A structured sale may be the cleaner solution.