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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.
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Where was the famous final airport scene in the 1942 classic "Casablanca" filmed?
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The scene where Humphrey Bogart says goodbye to Ingrid Bergman was actually shot on the east side of the Van Nuys Airport. |
 See More Real Estate Trivia > |
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Maria Sobinina, MA
First American Capital Properties, LLC
Licensed Real Estate Broker
999 Brickell Avenue, Suite 700
Miami, FL. 33131
Phone: 305-402-1419
Fax: 305-393-8194
Email: MSobinina@FirstAmericanCapital.com
Real Estate Broker. Residential Real Estate in Florida. Commercial Real Estate in Florida. Real Estate Marketing. Consulting for Real Estate Developers. Concept Lifestyle Communities Advice and Planning. Pre-construction pre-sales. Commercial Real Estate Finance.
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