With prices on the rise, people are exploring new paths to homeownershipand co-buying is increasingly popular.
But what do you better know before you commit?
Does location still matter most?
Credit:Jessica Poulos
Should you remodel your home to suit your tastes, or for resale value?
Are starter homes still a thing?
We all have plenty of questions about the ever-changing world of real estate.
Its no secret that the cost of buying a home is higher than ever.
But does this nontraditional home-buying option come with any risks?
Ask an Agent: Is Co-Buying the Way of the Future?
I think it is in our area, because prices are so expensive.
Those jobs that are housed here in the Olympia area cannot pay for a $550,000 house.
So we have a parent or grandparents or aunts or somebody cosign with them.
And I want a really nice yard if we cant go to a playground.
And if theyre helping pay that mortgage, what happens when they arent living with you anymore?
That is just one thing I think about long-term.
We dont see friends buying together as much.
Theres just so many dynamics.
I think there are more challenging dynamics with that.
And peoples lives change so much.
There has to be an operation agreementoutlining whos responsible for what.
This interview has been edited for length and clarity.
