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By John Morell, FrontDoor.com | Published: 8/06/2008
Do some preliminary research before shopping for a home with friends or family.
However, when things go wrong in a property partnership, they can go very wrong, causing financial and emotional distress for all involved. "It's not uncommon to see best friendships turn sour very quickly," says Karen Radakovich, a Denver real estate attorney. "It's not the kind of decision to make while you're having a great vacation together. Go home, do some research and prepare for some honest talks with your soon-to-be business partners."
Here are some steps to help guide you through the process of buying real estate with friends or family:
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