Buy with someone else
The current real estate market prices are forcing us to think creatively about homeownership and co-ownership offers the ideal solution.
Co-ownership is when two or more people buy a property together. It is a model that invites people to pool their resources such as credit and finances to be able to buy a home. It is great way to buy a home without having to carry the entire financial responsibility on your own.
There is always a way
Joint owned property is any property held in the name of two or more parties, like husband and wife, or business partners, friends, or family members.
The risks of joint owned property are the potential for financial issues with partial ownership of a property, like one party wanting to sell their share.