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Sharing The Cost Of Your Dream Home in Huntsville AL

By: Huntsville Real Estate Expert Mike Manosky On August 9, 2007

Have you dreamed about purchasing your dream home in Huntsville?  Pictured yourself and your family enjoying a summer cookout on the back deck, the worries of paying rent a distant memory?  Perhaps you’ve pushed these visions back because you assumed you would never be able to fulfill this dream – the process of purchasing a home and the financial burden of a mortgage may just seem like too much to take on.   

But what if you could share the cost of your dream home with friends or family?  You’d still get to enjoy benefits of homeownership as you build equity in your home, and you wouldn’t be throwing your money away every month on rent.  But the investment and monthly cost of purchasing the home could be cut in half!  It seems like everyone would win in this situation. 

This article, published recently in the Wall Street Journal Online, lays out the many advantages of sharing home ownership.  It also provides good questions to ask yourself before moving into such an investment situation – there are pitfalls to be aware of including the willingness of both parties to delegate control of the property, the future financial stability of both parties, and the comfort level of both parties when it comes to discussing and working out financial and other differences. 

I would love to help you find a home of your own – or to share! – in Huntsville AL. Please call me at 256-508-0211 or visit www.MoveToHuntsville.com to get started with your search for Huntsville real estate!

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