Buying a Home with Friends

Buying-A-Home-With-Friends-250x170Are you thinking about buying a home with friends or your current roommate(s)?  Living with roommates can be challenging.  However, if things fall apart while renting, the parting of ways is generally financially harmless, or at least short lived.  On the other hand, purchasing property – home, second home, vacation home, or income property – as a group presents both legal and, potentially, long term financial impacts on the group. If you are considering buying a home with friends or as an unmarried couple, please take a few minutes to read  “I thought buying a house with friends might be fun. I was wrong.” by  Mandi Woodruff at Yahoo Finance.  Great article that highlights some of the main issues that you will face in this type of real estate transaction.

If you are considering buying a home with friends in Newnan, Senoia, Sharpsburg, Peachtree City, Fayetteville, or Tyrone, give us a chance to show you why we remain one of the top professional real estate teams in the Coweta and Fayette Counties.  There is no need to try to figure this out alone.  We are here to help.

Read the full article…

Have a Great Day!

Dan Campbell

Associate Broker

One thought on “Buying a Home with Friends

  1. Great post about legal and financial implications of buying property with more than one buyer. Although the article is written based on roommates or “property sharing”, the potential issues can be the same for unmarried couples and to a lesser degree, even married couples.

    Like

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