Buyers Peter Mancini November 10, 2023
Purchasing a house is a significant financial and emotional commitment, and for unmarried couples, it's essential to address various considerations before taking the plunge. Here are five important questions unmarried couples should ask before buying a house together:
What's the Financial Arrangement?
What's Your Legal Protection?
How Long Do You Plan to Stay?
What Are Your Individual and Shared Goals?
What's Your Exit Strategy?
Additionally, consider the logistics of managing the home, including responsibilities for maintenance, repairs, and decision-making. Effective communication and mutual understanding are essential when making such a significant commitment. It's highly recommended to consult with a lawyer and possibly a financial advisor to help you navigate the legal and financial aspects of buying a home as an unmarried couple.
Peter Mancini
Licensed Associate Real Estate Broker
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By Peter Mancini, Pen Realty | Brooklyn Real Estate Expert | REBNY & BNYMLS Member
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