SE Michigan News

Buying a Home with a Friend

With current interest rates and inflation pressures, some first-time buyers are pooling resources with a friend to buy a home.  We discuss the financial benefits of splitting the costs of the home purchase as well as subsequent upkeep and repair of the home as well as the need to determine up front what happens when one party is ready to move out and the tough questions you need to address to be sure you and your friend are a good fit for co-home ownership. 

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