Pooling resources to buy a home together can be an amazing way to build wealth faster and afford a property you might not qualify for on your own. But before you jump in, there are a few key things to talk through first.

Choose the Right Co-Buyer

Money and friendship don’t always mix — so choose wisely. Make sure your co-buyer has solid credit, reliable income, and a healthy track record with bills. Transparency is everything here. You’ll want to review each other’s finances, discuss future plans, and make sure you’re on the same page before you start looking.

Put Everything in Writing

Even if you trust each other completely, get it in writing. Work with a real-estate attorney to create a simple ownership agreement that outlines:

• Who pays what (down payment, mortgage, taxes, utilities)
• How repairs and upgrades are handled
• What happens if one person wants out

It’s basically a “home prenup” — and it keeps everyone’s interests protected down the road.

Decide How You’ll Hold the Title

The title determines legal ownership.

• Tenants in Common (TIC): Each owner has a defined share (equal or not) that can be sold or passed on separately.
• Joint Tenants with Right of Survivorship (JTWROS): If one person passes away, ownership automatically goes to the other.
  Your attorney or lender can help you choose what fits best for your situation.

Talk Lifestyle — Not Just Finances

If you’ll be living together, have an honest chat about day-to-day life: cleaning, guests, pets, noise, décor — all the things that can strain even the best relationships. Clear boundaries now can save everyone from frustration later.

Plan the Exit Strategy

Life changes — people move, get married, change jobs, or want to cash out. Decide ahead of time how one person can sell their share or how you’ll agree on a buyout or sale price. Planning for the “what ifs” keeps you both in control.

Buying a home with someone else can absolutely be a win—more buying power, shared expenses, and a chance to build equity faster. Just make sure your excitement comes with a plan and a clear agreement.

If you’re considering buying with friends, family, or a partner, I can help you think through ownership options, financing, and what to prepare for before you start shopping.