Why would an owner or Realtor choose a tenants in common (TIC) marketing approach?
Owners of have increasingly turned to tenancies in common as a way of maximizing the value of their investments. Marketing as a SACO tenancy in common often results in the quickest sale and the highest price because (i) sale prices have increased much more quickly than rents in many communities, and (ii) there are far more single-unit buyers than investors in the marketplace. TICs also offer the flexibility of selling less than the entire property. This allows the owner to gradually replace tenants with TIC owners as units become vacant and to diversify his/her real estate portfolio, while still maintaining an interest in the building.
