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  • Buying A House Together as an Unmarried Couple

    Purchasing a Home Before Being Married

    Buying a home is still an American dream. Most people strive to be able to one day call themselves a home owner. Today it is not all that uncommon for two people who are not yet married to buy a home together. This is not to say that it isn't risky business. In fact, buying a home before you are married takes a lot of careful consideration. There are quite a few financial and legal circumstances that should be discussed before buying a house as an unmarried couple.

    One of the things that many couples quickly discover is that they are not on the same page when it comes to the housing selection. Not only the home itself but the surroundings too. Buying offers a lot of choices - something one of the parties might not have given much thought to.

    For example does one party want to live in a neighborhood, while the other wants privacy? These are the kind of questions that need to be answered before you take the deep dive into home ownership.

    When buying before being married it is not uncommon for one party to be more financially stable that the other. In cases like these there needs to be some kind of financial arrangement put in place. It is highly recommended before going into a purchase there is some kind of legal agreement in place.

    One other major consideration is how you will take title to the property. There are a few options when buying a home. What is right for one couple may not be the best for another. In the reference above at Maximum Real Estate Exposure, you will see a very comprehensive review of buying a home as an unmarried couple.

    If purchasing a home is something that may happen in the not too distant future, I would highly recommend taking a look at the tips and advice found in the article. It will open up your mind to things you may never have considered.
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