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.

	See All Tips In The "Financing Your Home" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

David Lam and Team
ERA Premier Realty
7190 Regional Street
Dublin, CA 94568
Phone: 925-803-2302
Fax: 925-803-2313
Email: davidlam@NUMBER1EXPERT.com

www.DavidLamCRS.com is brought to you by David Lam and Team
NUMBER1EXPERT™ in real estate for Dublin, Pleasanton and San Ramon, California

Read David Lam and Team Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge