Co-buying Is On The Rise

Categories: Buyers Tags: Buyers Buying your First Home co-buying Co-buying on the rise How to Buy a House What is Co-Buying?

When people consider buying a home, they’re typically thinking about making the

purchase on their own or with their spouse or significant other. But there’s a new home

buying trend that’s on the rise, particularly with young, aspiring homeowners: co-buying.

So, what is co-buying? Instead of buying a home on their own or with their partners,

more are chipping in and buying property with their friends. How many more?

A recent article from realtor.com explored the trend of co-buying, which is quickly

gaining popularity with millennials who want to buy their first home without getting help

from their families. According to the article, 4 percent of first-time home buyers from July

2018 to June 2019 were co-buyers—double the percentage of the previous year.

The Takeaway:

So, what does this mean for you? Since co-buying is not the most traditional path to

homeownership, it’s something you may never have considered. Knowing that it not

only is something others do, but is also on the rise, might just give you the direction and

motivation you needed to become a homeowner.

Whether you're ready to buy or sell your home, feel free to contact me.

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