More than just real estate

The Home Divide

Whether you’re newlyweds, best friends or relatives, sharing a home purchase requires some extra work. From selecting a neighborhood to deciding how to use a spare room, navigating the world of homeownership in tandem must be done with compromise in mind.

While the idea of owning a home is very exciting, it can often seem overwhelming, especially for those who are new to the real estate process. Your Realtor can help by being that outside, third party who can direct you through the process of making the right decision.

When making a collaborative purchase, remember to:

  • Set a budget. Beyond basic income and the funds available for the down payment, there are a number of other financial elements to consider before setting a price range for the new home. Your lender will assess your debt, credit rating and other factors in getting you pre-approved. Let them assist you in breaking down your mortgage budget. (more…)

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