Real estate broker Bob Van de Vrande said he came up with the idea to sell the four-bedroom farmhouse-style home in Lynden, Ont. as two parts after he listed the property back in May for roughly $1.5 million.
“I thought, maybe there are people who are looking in the 600s or 700s and would be interested but they have to sacrifice a bit by doing it jointly with someone else.” Both parties would get a chance to meet each other before signing off on what’s called a co-ownership agreement drafted by a lawyer, which spells out who is responsible for what aspects of the property, how decisions are made, and -- most importantly -- what happens if one party wants out of the arrangement.As for the types of people he sees living in the home, Van de Vrande said the property is “ideally suited” for two families.
What about...oh idk a duplex? Fucking hell
Disaster waiting to happen. Hope no one goes for it
Want to make housing more accessible? Pause immigration. All this does is help speculators...
I've co-owned with family in the past and that was a nightmare. No thanks. Realtors just have to face the facts that their juicy commission fees are gonna thin out real soon if not already.
No one should have to co own a house with strangers to afford a house... this just proves house prices are out of control and the government needs to stop the outrageous prices
This will end well…🧐
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