Advantages and disadvantages of buying a house in partnership

Advantages of buying a house in partnership: you can buy a house quickly and reduce the financial pressure of buying a house. Disadvantages: Buying a house in partnership is also very risky. For example, when buying a house, use it together in the future. How to divide it? After all, a house has a good location and good lighting, but it is also unsatisfactory. Probably everyone wants to keep the good ones for their own use, and the distribution rights of both parties are equal. At this time, it is easy to produce contradictions.

What are the precautions for buying a house in partnership?

1. Pay attention to the invisible owner. If one or both of them are married, their spouses will also enjoy certain rights to the house. In this way, when a loan is needed or the house needs to be changed hands in the future, the consent of the invisible person is also needed, which invisibly increases the probability of conflicts between partners. Even if the two parties are unmarried, we should also consider whether the spouse will ask to add a name to the property purchased by the partnership after one party gets married, and how to resolve the dispute in the future.

2, sign a written agreement, as the saying goes, "Brother, the accounts are clear", and the accounts are clear so that everyone's contradictions are less. Therefore, before buying a house, the two parties who buy a house in partnership first sign a written agreement, one for each party, stipulating the division of responsibilities such as capital contribution, loan, property rights, taxes, rent and property fees. The finer the better. After the agreement is signed, both parties agree to go to the notary office for notarization. If only one party applies for a loan from the bank, the agreement should also specify the monthly repayment method of the other party, whether it is transfer or cash. The final disposal of the house also needs to be indicated. In this way, in the event of a dispute between the two parties, this agreement can be used as an important basis for resolving the dispute.

3. The loan part stipulates that in real life, if you borrow money from a bank in the name of one party and return it separately, it should be clearly stated in the written agreement whether the bank loan is contributed by one party and the future division method. If you borrow money from a bank in the name of one party, it is actually repaid by both parties, so you need to make more detailed agreements, such as the deposit and withdrawal of funds, and the monthly repayment of loans must also be made through bank transfer. This can effectively avoid the problem that it is difficult for one party to hand over cash and repay the loan, but there is no relevant discrepancy record, so as to prevent disputes.