Home Buying in 94608>Question Details

Phong Tran, Home Buyer in Emeryville, CA

Should my girlfriend and I buy a house before we get married?

Asked by Phong Tran, Emeryville, CA Mon Apr 22, 2013

Apologies as I'm sure this has been asked many times before. Thanks in advance!

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Answers

10
no dont get married its not worth it break up your Girlfriend will cheat on you
0 votes Thank Flag Link Sat Dec 27, 2014
It is a personal decision you will have to make. You should carefully consider pros and cons for you.
A big question to address is what if there is a breakup before you get married?
0 votes Thank Flag Link Thu Oct 16, 2014
I see why not. How it is shown on title can be difficult if two split.
0 votes Thank Flag Link Thu Oct 16, 2014
This is a personal decision. I can't possibly tell you what you should do!
0 votes Thank Flag Link Mon Apr 22, 2013
I would say that it depends on your reasons for buying. Many couples like the idea of buying before hand so that once they are married they can already be in their new house. With all the planning and such that goes into a wedding it's nice to not have to go house hunting after.
But there may be tax ramifications so discuss with a CPA
0 votes Thank Flag Link Mon Apr 22, 2013
That is a tough question to answer and it depends on your relationship. If you are both on the mortgage and you break up you need the cooperation of the other person to sell the home if one of you can keep it.
Tom
0 votes Thank Flag Link Mon Apr 22, 2013
Phong
this is really impossible to answer.if you do decide to purchase make sure you have a written agreement about dissolution should that be necessary. See a real estate attorney
Good luck
0 votes Thank Flag Link Mon Apr 22, 2013
Only you and your girlfriend/fiance can answer that question....but along the way, you should also ask each other the following questions:

Whose name will be on the loan
Whose name will be on title
How are you taking title -- joint tenants? tenants in common?
Who will make, and how will you make mortgage payments

If you should break up, how are you going to distribute/manage the asset?
If you should default on the loan, know that whosoever's names are on the loan are still responsible for that loan. A quit claim deed won't relieve the other from the loan obligations

I'm sure there's more.....but this should get you started....

Good luck.
0 votes Thank Flag Link Mon Apr 22, 2013
Phong. The only people who can answer than question are you and your fiancé. None of us know the particulars of your needs, desires and finances.

Ask your financial advisor.
0 votes Thank Flag Link Mon Apr 22, 2013
Alan May, Real Estate Pro in Evanston, IL
MVP'08
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I believe that the undiluted national average is 50% within five years.
What plans have you got for a divorce contingency?
Of course, I understand that yours will be amicable!
0 votes Thank Flag Link Mon Apr 22, 2013
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