What is co-buying?
Co-buying is when two or more people who are not married to one another team up to buy and own a home together. Friends, family members, and couples co-buy homes.
Examples:
- Two friends
- An unmarried couple
- A mother and daughter
- Two married couples
- A multi-generational household
A co-buyer is anyone who participates financially in this kind of purchase.
Note: It’s common for a friend or relative to participate as a non-occupant investor. This can take the form of a gift, loan, co-signing, or co-ownership.