Seven years ago, Phil Levin and his girlfriend, Kristen Berman, pondered a common question: Should we move in together? Levin assumed they’d take a predictable path and find a more affordable apartment outside of pricey San Francisco.
In the National Association of Realtors’ 2022 Profile of Home Buyers and Sellers, a record-high 5% ofwere “other household compositions” – that is, something different than single, married or coupled.
Many co-buyers Koonce has worked with are platonic friends who have been living together for years. But they’re as diverse as the types of homes they buy, which range from traditional single-family homes to condos and duplexes. Recently, Koonce helped a mother and daughter buy a split-level that they renovated into two distinct units, including separate kitchens.“It was beautiful,” he says. “I don’t see any problem with a resale on that, because somebody could rent it out.”Even for family members or experienced roommates, the financial commitment of co-buying raises the stakes.
“You really do have to get a little bit financially naked with the person that you’re buying with,” she says. “There has to be a lot of transparency.”
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