While sharing the purchase of a home is not a new or complicated thing, it still requires specialized knowledge and setup for Tenants in Common structured property purchases.
This begins with:
Real estate agent: with experience with all the applicable laws and processes for TIC/ Tenancy in Common.
Real estate Lawyer: Experienced with the legal process and documents that conform with all the applicable laws and requirements for TIC/ Tenancy in Common.
Mortgage Brokers: Who have relationships with lenders who offer loans for TIC/ Tenancy in Common. Please note many lenders will not offer loans for TICs so it is important to work with a broker who has experience.
Insurance Brokers: Having insurance that is tailored for TICs is critical to secure a loan and protect your investment.
Leave a reply