Trends: Co-buying homes with friends

By Cindy-lou Schmidt, REALTOR®

Hello and welcome back real estate champions!

With the challenges of the mortgage rules and the rising home prices, some buyers have become creative!

As you may or may not have seen in the news, more and more people are buying homes together as friends and business partners.

Have you ever thought about purchasing a larger home or a home in a better neighbourhood by co-buying with a friend or family member? I discuss this topic and important facets to consider on a plan like this:

  1. Finances
  2. Lifestyle
  3. Timeline
  4. Financial advisor
  5. Lawyers

I hope you enjoyed this episode and found it useful. As always I appreciate when you give me a thumbs up on YouTube, Subscribe and of course when you “ring” or click the Bell on YouTube when you’re signed in so you get an automatic notification whenever I post a new video!

Thanks so much and have a wonderful day!