How Co-Buying Can Help You Achieve Your Real Estate Goals
If you think you can’t invest in real estate because you can’t afford it, think again. Doing a co-buy can help you become a homeowner.
If you want to invest in real estate but you can’t do it on your own, you should consider Co-Buy.
A co-buy relationship is where two or more unmarried people purchase real estate together. This relationship is often beneficial in the case of a parent helping one of their adult children, a group of friends purchasing together, or somebody who wants to be able to afford a bigger home than what they can afford on their current budget.
One-third of transactions in Seattle are considered co-buys, but this type of situation introduces a lot of complexities. For instance, who pays for what? Who carries the down payment? Who carries the monthly mortgage payment? There’s a lot of risk involved, but if managed properly, the benefits far outweigh the risks.
With that being said, we want you to know that we can help facilitate a co-buy transaction if you’re interested in pooling your resources together with someone else to invest in real estate. Not only do we understand the co-buy process, but we’re a part of a company called CoBuy. We’re CoBuy-certified™ agents, and this company also includes CoBuy-certified™ lenders, attorneys, and CPAs.
"There’s a lot of risk involved, but if managed properly, the benefits far outweigh the risks."
If you have any questions about the co-buy process or you have any other real estate needs, don’t hesitate to reach out. I’d be happy to help you.