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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Rose Price
Prudential Landmark Real Estate
100 Trade Centre Dr. Suite 102
Champaign, Illinois 61820
217-202-8843
217-352-1933
800-397-2155
Fax: 217-378-1281
roseprice@number1expert.com

When you choose Rose Price to help you buy or sell your home, you will be working with a professional challenged to incorporate the latest tech-tools into her daily business operations. To meet that challenge head-on, Prudential Real Estate Affiliates, headquartered in Irvine, California, launched a program to certify an elite group of its own agents as tech-whizzes who are capable of using the latest electronic tools to enhance the service they provide consumers. Rose is currently a Prudential Certified agent.