First-time home-buyers are increasingly buying homes with friends. Teaming up cuts the individual price of a home in half, enabling people to buy a home without having to save or qualify for as much. There are complicated factors involved, such as deciding how to share equity and what to do in the case of a fallout. But many buyers are seeing the move as a win-win situation: they get a stake in an appreciating real estate market and get to fulfill a desire for communal living. Do you know any friends who are thinking about this idea? Have them call me for an appointment. (718) 399-3320
