‘How to avoid the pitfalls when buying with someone else’
http://www.iolproperty.co.za/roller/news/entry/how_to_avoid_the_pitfalls
Saul Geffen, chief executive of ooba, says although applying for a joint home loan with a friend, sibling or partner might be an effective way to secure a bond, especially for first-time buyers, there are a few issues to consider to protect your investment.
“It’s important to remember that buying a property is a serious commitment, and though buyers may trust and like the person they are applying with, they also need to recognise that additional factors need to be carefully considered,” says Geffen.
(via Instapaper)
A must read article for anyone thinking of buying property with someone else – partners included.