How is co-buying different from other home purchases?
The home-buying process and the institution of homeownership cater to two groups:
- Married couples
This approach worked fifty years ago, but it’s outdated. This year co-buyers will account for nearly 25% of all home purchases in the U.S. The real estate industry, financial institutions, legal frameworks, and tax regimes have failed to adapt.
For co-buyers, most aspects of planning, purchasing, and owning a home are unique:
- Ownership structure
- Day-to-day management
- Transfer or sale
The lack of framework and support for co-buying adds friction, costs, and uncertainty. We know, we’ve been there. For many folks, this creates a barrier to homeownership and wealth creation. We’re here to fix that.