If two people buy a home and go to sell how is the money split?

Question

If two people buy a home and go to sell how is the money split?

Answer 1

The check is usually paid to you by the escrow company that handled the sale.  It will be made out to 2 people (in your question).

If you both sign a letter, the check can be made out in any manner that you desire.  In some homes, one person paid for all the repairs and the other person promised to repay them when the house was sold.  THe escrow companies do it all the time. /

Answer 2

Unless an agreement is written up when the house is purchased, the split will be 50/50 no matter who paid what.

Answer 3

If the property is purchased 50/50, the money is split the same way. Any other ratio would result in a similar ratio split upon the sale of the property.

Answer 4

However they agree to split it.

Usually people make a written contract prior to selling (or purchasing) a property.