Frequently Asked Questions

Co-buying is a process where two or more individuals pool their resources to purchase a property together.

Co-buying allows buyers to share the financial burden of homeownership, increase their buying power, and potentially afford a better property in a desired location.

Pairgap provides tools, resources, and matchmaking services to help co-buyers find compatible partners, create legally binding agreements, and manage ongoing responsibilities.

A co-buyer agreement is a legal document that outlines the shared expectations, responsibilities, and financial arrangements between co-buyers.

Co-buyers can agree to split mortgage payments equally or based on a predetermined arrangement specified in their co-buyer agreement.

Pairgap provides resources for co-buyers to manage conflicts, such as a dispute resolution process and access to legal resources. Pairgap also encourages open communication and collaboration between co-buyers to prevent conflicts from arising.

Yes, co-buyers can apply for a joint mortgage, which allows them to combine their incomes and assets to qualify for a higher loan amount.

Co-buying allows buyers to split the cost of a property, making it more affordable and increasing their purchasing power in high-priced markets.

Yes, a legal agreement, such as a co-buyer agreement or real estate prenup, is crucial to outline the rights, responsibilities, and financial arrangements of co-buyers.

A real estate prenup is a document that protects the interests of co-buyers by defining their respective ownership shares, contribution amounts, and exit strategies.

Yes, co-buyers can have different ownership percentages based on their financial contributions or other agreed-upon arrangements.

Yes, co-buyers can sell their share of the property, but the terms and conditions for selling should be outlined in the co-buyer agreement.

The co-buyer agreement should outline the process for a co-buyer’s exit, including options such as selling their share to the remaining co-buyers or finding a new co-buyer

Co-owners may be subject to different tax considerations, and it is advisable to consult with a tax professional to understand the specific implications based on their situation.

Yes, co-buyers can choose to refinance the property, subject to approval, to take advantage of better interest rates or to adjust the ownership structure.

Pairgap uses compatibility tests, financial assessments, and lifestyle preferences to match co-buyers who have complementary goals and preferences.

Less than you might think. You can make a down payment that’s as little as 3% of the property cost.

Yes, co-buyers can use Pairgap to purchase any type of residential property, including single-family homes, 2-4 family homes,, condos, and townhouses. Pairgap can also assist with finding properties that are suitable for co-ownership.

Ownership percentages are typically determined based on the amount each co-buyer contributes towards the purchase price and ongoing expenses. Pairgap provides a calculator tool to help co-buyers determine their ownership percentages.