Posts Tagged ‘joint home ownership’

From our experience, the smoothest purchases happen when couples have clear and honest discussions before they ever step into a showing. Understanding each other’s priorities, timelines, and comfort levels with risk helps avoid difficult moments later in the process. We often see challenges arise when expectations are not aligned early on. Taking time to talk through lifestyle goals and future plans creates clarity and confidence when it is time to make decisions. Know How Lenders See You Many couples are surprised by how financing works when buying together. Lenders look at combined income, credit history, existing debts, and employment stability. One stronger credit profile can help, but one weaker profile can also affect borrowing power. From a realtor’s standpoint, buyers who secure a solid pre approval before shopping are always in a stronger position, both financially and strategically. Compromise Is Part of the Process Every couple enters the market with different priorities. One person may value location while the other wants space or specific features. We see the most success when couples clearly define their must haves versus nice to haves. Understanding where you can be flexible helps move quickly when the right property comes along, especially in competitive neighbourhoods. Think About Resale From Day One Even if a home feels like a long term purchase, resale value always matters. As realtors, we look at homes through the lens of future buyers as well as current lifestyle. Location, layout, condition, and neighbourhood appeal all influence how easily a home will sell down the road. Choosing a property with broad market appeal protects your investment and keeps options open. Understand Ownership and Protection How a property is registered is often overlooked. Joint tenancy and tenancy in common affect what happens if circumstances change. We regularly recommend couples speak with a legal professional to ensure ownership aligns with their situation and contributions. Clarity here provides peace of mind and avoids complications later. Lean on Professional Guidance Buying property together is exciting, but it can also feel overwhelming. From a realtor’s perspective, the couples who enjoy the process most are those who ask questions, seek advice, and stay informed at every stage. When couples approach the purchase as a team and work closely with experienced professionals, they are more likely to find a home that supports both their relationship and their long term goals.   Lindsay R., 5-Star Review, via Google “Scott has been an awesome help finding my condo. He always knew my needs and gave me the right advise every step of the way. Would 10/10 recommend !” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”