3 paths to homeownership you may not have considered

When you think of the path to homeownership, what comes to mind?

You’re likely thinking of one of two conventional methods. One, you and your spouse or partner pool your financial resources to buy a home. Or, two, you simply go at it alone. 

Today, though, there are many other ways to achieve the American dream—even amid rising costs and inflation. One way that is growing in popularity is to buy with friends or relatives. A recent Zillow study suggests that 19% of prospective buyers are leaning towards buying a home with a friend or relative—or someone who is not a spouse or partner—in the next 12 months.

With this growing market of buyers, let’s talk about three paths to homeownership that you may not have considered and how Nestment can help you achieve your dreams.

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Route 1

Do you already have a group and you just need to be enabled to execute your co-buy? No problem. 

This is the traditional Nestment model of co-buying property with friends and family to reduce the financial burden. However, keeping everyone in your group organized and aligned can be difficult. That is the advantage of using Nestment’s exclusive platform. With Nestment, our concierge service will walk your group through every part of the co-buying process--from exploring listings and markets to navigating legal and lending to getting matched with a realtor to bidding on homes to completing the closing process and more. 

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Route 2

You have a group, but you need one more partner. Nestment can help!

If you had just one more partner to contribute 20-35%, it would likely make a huge difference in your path to homeownership. However, in this market, finding a third or fourth friend can be challenging. Nestment has a program to help you find the missing piece to your Nest Pack. This final piece to the puzzle will likely enable you to purchase a home with a better return or find a home in a more desirable neighborhood.

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Route 3

It’s only you, but you want to buy into a group. Nestment has a solution for that, too.

You may be able to buy a property to use and rent but you don’t want to get into business or mix finances with friends or family. You’re not alone, and we understand.

This is where Nestment Exclusive can help. If you’re interested in purchasing 20-35% of a property, Nestment Exclusive can show you homes available for fractionalization in your ideal location. 

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With home prices so high, you and your group do not have to be locked out of homeownership. You, too, can accrue wealth over your lifetime by pooling your resources and co-buying with a group. Nestment can help you and your group create a new path to homeownership.

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Nestment, Inc. does not guarantee and is in no way responsible for the accuracy of information provided in this blog post. All information is provided “AS IS” and with all faults. Data presented here may not reflect all real estate activity in the market.  While the information on this site is about legal and tax issues, it is not intended as legal or tax advice or as a substitute for the particularized advice of your own attorney and tax professional.

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