Torn and confused

I love to buy a house with my bestfriend but I think it's too far away. I don't know if this will affect our friendship if I change my mind. I mean a house is a big commitment. I can't back out of it but I don't want to hurt her feelings after all the things that I've said in what we will be doing in our houses if I also purchased the adjacent lot.

Top | New | Old

IM5688 · 61-69, M

I would advise against it, but if you do go through with it, I would make sure that all possibilities for house repairs and unexpected costs are covered in a written agreement before your purchase. I would also put in a clause of some kind in case one of you wants to sell or buy the other one out.
Have you been friends a long time? Just how well do you know and trust this person? Are they reliable? Is there any possibility that either of you may become unemployed and can't meet your financial responsibilities?
Maybe you should speak with a lawyer. Most lawyers give free consultations. They can tell you if you should have a written agreement and what that agreement should cover.

Leafkiss · 26-30, F

@IM5688 I'm sorry I was not clear about the purchase. We are going to buy each other's house but adjacent so we'll be neighbors.

Convivial · 26-30, F

I'm a firm believer that if you have doubts, don't do it.... Might be time to make a list of your fears and questions and talk through them with her

Leafkiss · 26-30, F

@Convivial I do have doubts. This is a long time commitment, Can be a lifetime too.

Convivial · 26-30, F

@Leafkiss if you feel that strongly then it will still be there in 6 months time....

ShenaniganFoodie · 36-40, M

Share the purchase of a house ???

Not wise

I have built 3 new homes & purchased 4 used homes while single.

I sold a house early Dec 24 & purchased a used place last week.

I will renovate it over 2 years & start again. All my close friends are in the building industry so costs are very low for me.

Would I purchase with a friend ====== NO

MarineBob · 56-60, M

@ShenaniganFoodie good way to ruin a friendship

Leafkiss · 26-30, F

@ShenaniganFoodie I'm sorry I was not clear about the purchase. We are going to buy each other's house but adjacent so we'll be neighbors.

ShenaniganFoodie · 36-40, M

@Leafkiss OK

WillaKissing · 56-60, M

Never. Do not do it no matter what promise was made.

If you feel compelled to do so because of your word, and you won't listen to our advice of not too. Then take you friend to an attorney's office and work out a contract that protects you and her incase one of you defaults and the process to terminate the contract by a buy out or selling of the home.

Leafkiss · 26-30, F

@WillaKissing I'm sorry I was not clear about the purchase. We are going to buy each other's house but adjacent so we'll be neighbors.

WillaKissing · 56-60, M

@Leafkiss Now that makes sense!

YoMomma ·

I wouldn't buy a property with someone else.. can you even trust her to pay her share of the payments? That's a big headache if she is unreliable.. she could be taking advantage of you and give you a lot of grief..

Leafkiss · 26-30, F

@YoMomma I'm sorry I was not clear about the purchase. We are going to buy each other's house but adjacent so we'll be neighbors.

Midlifemale · 61-69, M

BIG mistake

MarineBob · 56-60, M

Buy a full duplex

WillaKissing · 56-60, M

@MarineBob With an attorney's hand in drawing up a business contract as well. Never and I mean Never mix money car and home purchases with a friend or family member.

Leafkiss · 26-30, F

@WillaKissing I'm sorry I was not clear about the purchase. We are going to buy each other's house but adjacent so we'll be neighbors.

Add a comment...