Before You Go
You’ve covered a lot of ground in this course. And with good reason.
Co-buying, or rather the co-ownership journey, is a marathon. It’s not a sprint.
You’ve learned:
✔️ How the co-buying process works
✔️ How to create a plan and build consensus
✔️ Mortgage market fundamentals and how to secure a joint mortgage
✔️ How to navigate the home search, negotiations, and the transaction as co-buyers
✔️ How to structure your co-ownership arrangement
✔️ The importance of developing an exit strategy and key scenarios to factor into your plan
✔️ How to manage headline risks during the co-buying process
✔️ Fundamentals of co-ownership management
It can seem like a lot to take in. It is. But the gravity of co-ownership, and what you invest, justifies the research and preparation.
By applying what you’ve learned during this course, you will minimize your costs and maximize your returns. As you’re well aware, these inputs and outputs include financial capital (“money”), but they go beyond that to include time, energy, and relationships.
We’ve used this same methodology in the field with thousands of co-buyers since 2016. On average, they have cut their total home search by over 50% versus the national average and saved $25k to $50k or more over the course of their home purchase.
As you embark on your co-ownership journey, remember:
- To tackle a big problem, break it down into smaller pieces
- Ask questions
- Get all co-buyers on board and make sure everyone has a voice (whether you’re a group of two or ten)
- Have open, honest conversations with your co-buyer(s)
- DYOR (“do your own research”), and trust but verify
- Don’t assume, it’s better to be explicit
There are few guarantees in life, and many things are beyond our control. In co-ownership, you can improve the likelihood of success through planning, structure, and management.
Congratulations on taking a meaningful series of steps here! We wish you and your co-buyer(s) every success!
P.S.
We invite your questions, comments, and feedback!
Hit us up on socials for more insights into co-buying and co-ownership, or to get in touch.
Course Authors
Matt Holmes (LinkedIn) is co-founder and CEO of CoBuy, formed in 2016 to unlock homeownership for everyone. Before hopping a flight to Seattle to start CoBuy with his mother, Matt worked in investment banking and financial markets in London for a decade. He holds degrees from University College London (BSc Economics) and ESCP Business School (Masters, London & Turin).
Pam Hughes (LinkedIn) is Co-founder and COO at CoBuy. She has over 40 years of experience across finance, real estate, insurance, and construction. Pam has committed to personal empowerment through financial education for decades, which inspired her to start CoBuy with her son in 2016. She's best friends with a small dog known as Francis.
Check out our new app for home co-owners.
Co-ownerOS™ helps you plan and manage co-ownership with friends, family, or your partner.
📝 Create & manage agreements—fast
💸 Streamline finances, expenses, payments
🗂️ Nail documentation
📈 Track key stats
🚪 Plan an exit strategy
Manage your most important asset, together.
✅ Save $1,000s on legal fees
✅ Save 120 hours of annual admin
✅ Avoid guesswork and conflict
✅ Protect your home, investment, relationships
✅ Build wealth
Co-ownerOS™ Beta is live. Join the waitlist now.