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For some, one of the biggest milestones in life is buying a house.
However, this path can be risky, especially without a formal agreement or contingency plan.
Being aware of this,redditor throwawayRA_1931was careful around her boyfriend, who eagerly wanted to buy a house.
The answer she received raised even more suspicion, which was the start of the end of theirrelationship.
Co-owning a home can be a great solution for some unmarried couples.
Realtor and attorneyBruce AiliontellsBored Panda, Buying a home before marriage is similar to having a child before marriage.
The action creates a bond that is difficult to break.
In those situations where the relationship is good and becomes long-term, the answer is, why not?
This also allows them to save on rent, which can be more expensive than a mortgage payment.
Therefore, Ailion recommends partners not rush into buying a home.
You should decide if, how, and when those inequities are restored, Ailion says.
You should have an agreement outlining a buyout by one party and how that price is determined.
These decisions should be in writing, Ailion warns.
you’ve got the option to let the document speak when you cannot.
Hekmat concludes by saying that unmarried couples should definitely avoid buying property without fully understanding the consequences.
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