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Financing Your Home >Buying Cooperatively
Today it is becoming quite common for friends to pool their resources to buy a larger home than either of them could afford alone. Some builders cater specifically to this group of buyers by offering homes with two "master suites" instead of the more typical room arrangement. If you are considering a joint purchase, you and your buying partner should outline clearly your agreements about your shares in the down payment, the monthly mortgage payments, and what you will do if one of you decides to move out.
Before committing to a property, sit down with a real estate professional to discuss your options. Should you take possession as joint tenants? Will you have a 50/50 interest in the property, or should the interest be adjusted to reflect each person's share of the down payment or the monthly mortgage payment? Your agreements with your buying partner should be clearly expressed in writing.
Trish Snyder and Team Coldwell Banker Four Seasons Realty 1562 Orkney Grade Mount Jackson, VA. 22842 Phone: 540-856-3100 Toll Free: 800-296-2891 Fax: 540-856-2185 Email: Sales@TrishSnyder.com
When you call US to help you buy or sell a home, you'll
be putting the NUMBER ONE AGENTS in the area to work for you. Nobody knows
The Shenandoah Valley better than we do. Since most people buy or sell
a home so few times in their lives, they can feel frustrated by their
inexperience as they complete the transaction. The good news is, gathering
experience can be as easy as dialing a phone. When you call US, you'll be
putting our years of 'VALLEY' experience to work for you.
www.trishsnyder.com is brought to you by
Patricia 'Trish' Snyder NUMBER1EXPERTS in real estate for
New Market, Mt. Jackson and Basye (Bryce Resort), Virginia