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Financing Your Home >Buying Cooperatively
Today it is becoming quite common for friends to pool their resources to buy a larger home than either of them could afford alone. Some builders cater specifically to this group of buyers by offering homes with two "master suites" instead of the more typical room arrangement. If you are considering a joint purchase, you and your buying partner should outline clearly your agreements about your shares in the down payment, the monthly mortgage payments, and what you will do if one of you decides to move out.
Before committing to a property, sit down with a real estate professional to discuss your options. Should you take possession as joint tenants? Will you have a 50/50 interest in the property, or should the interest be adjusted to reflect each person's share of the down payment or the monthly mortgage payment? Your agreements with your buying partner should be clearly expressed in writing.
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What are the characteristics of classic Queen Anne architecture?
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| A |
Queen Anne homes are the most elaborate, romantic and feminine of all Victorian Homes. |
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Ginger Belland and Hal Stark
Long and Foster Real Estate
1415 Route 70 East
Cherry Hill, NJ 08034
856-857-2239
856-857-2157
stark@lnf.com
gingerb@lnf.com
We work with buyers and sellers of Homes and Condos Burlington County: Evesham, Marlton, Medford, Medford Lakes, Moorestown, Mount Laurel, and Southampton. Camden County: Cherry Hill, Collingswood, Voorhees, Berlin, Haddonfield, Winslow. Gloucester County: Deptford, Mantua, Mullica Hill, Sewell, Woolwich Township. Gloucester Township, Washington Township, Mullica Hill, Blackwood. Our specialty is First Time Home Buyers, Military Relocation and Government Employees: Hainesport, Westhampton, Pemberton, Shamong, Mount Holly, and Lumberton. We assist buyers in getting the best Mortgages.    
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