Before buying a vacation home with a friend, work out all the details, such as how to finance the purchase, divide expenses and schedule getaway time slots. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that most importantly, be sure to talk about what happens if one party wants out. Failing to negotiate these issues ahead of time can lead to disputes that can turn friends into enemies. Think of your purchase as a business deal. Negotiate all aspects of ownership—usage and expenses—and put it in writing. Check out below to see what sold in Northville Commons in August 2016:
Buyers who plan to finance their purchase should be prepared to put at least 20% down for a jumbo loan. The qualification is based on the borrower who is least creditworthy, so a friend with a poor credit history could affect your ability to get a loan. For more information on Northville Commons, or similar Northville or Novi neighborhoods such as Maple Hill, Dunbarton Pines and Royal Crown, contact The DiMora Team today at 248-505-7728 or email@example.com.