Can I buy out a co-owner instead of selling the property? | NC

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Q: Is it possible to buy out a co-owner’s share instead of selling the entire property, and how is the buyout amount determined? A: Yes — often one co-owner can buy out the other instead of selling the whole property. The buyout usually starts with the fair market value of the property, then applies each owner’s ownership percentage. But it is not always a simple split. The amount can be…