Frequently Asked Questions
What is Co-Buying?
Co-buying is when two or more people pool their resources to purchase a property/investment together. Each co-buyer can choose how they want to share responsibilities for mortgage, maintenance, and decisions. This decision is up to you!
Do we need to be related or married to co-buy?
Not at all! A co-buyer can be anyone! What matters most is having a clear legal agreement in place.
How is financing handled?
This is up to you and your co-buyer! Do what feels right for you. Every situation varies and we recommend talking to a mortgage advisor early on.
How do I find someone to co-buy with?
Use our platform! Ko-Buyers was made specifically for this. Our service offers an opportunity for individuals to fulfill their dreams through property matchmaking. Begin your journey by filling out the profile questions and find your partner today!
How do we protect ourselves legally?
A co-ownership agreement outlines each person’s financial share, responsibilities, and exit options. We recommend working with a real estate attorney to draft this. We CANNOT legally advise you.
What happens if one co-buyer wants to sell?
Your co-ownership agreement should include a defined exit plan: buyouts, selling the home, or bringing in a new co-buyer. This protects everyone’s interests. This is something that should be discussed with a real estate attorney.