Not long ago, as we were doing introductions at the beginning of our Homebuyer Express class, one of the participants stated that he was scheduled to close on his new house in two weeks, but was still shopping around.
As the story goes, he and his girlfriend were going to buy the house together and he, in the interest of peace and harmony, let her pick out the house. But now, before closing, she was no longer girlfriend. He could still afford the home, but it wasn’t the home he wanted. So he was still looking around and trying to decide if the extra costs of backing out were worth it for him.
As more and more unmarried people are buying homes together, it brings some “interesting” potential issues to the surface. Even if the individuals buying together aren’t a couple, but rather siblings, business partners, or just friends, the situations can provide for some more challenging “now what” moments. Read the rest of this entry »