Frequently Asked Questions

Co-buying? Fractional ownership? What do these words even mean?

Co-buying and fractional ownership are interchangeable terms for shared ownership of a large asset. In many cases, ownership is not shared equally. For example, if you were to buy a home with someone and split ownership 70/30, upon selling the home, you would receive 70% of the home’s equity and your co-buyer would get 30%.

Does everyone need to live in the home?

Nope. You can co-buy a shared primary residence, but you can also co-buy a vacation home, an investment property, or even a primary residence for just one of you. One common example of this last case is when a parent helps their child with the downpayment and receives a share of the home’s equity, but doesn’t live in the home.

What does Pairadime do?

We create easy-to-use tools that make buying a home with friends, family, or a romantic partner simpler. We also use our network of fractional-ownership-savvy real estate agents, mortgage brokers, and attorneys to help aspiring co-buyers find local help that’s experienced and knowledgeable.

Can we just sign the drafted contract we get from the Agreement Builder and call it a day?

You could, but we don’t recommend it. Each state has its own homeownership laws. A local real estate attorney will ensure your contract is in accordance with your state’s laws.

I live in (your city here). Can you connect me with a real estate professional?

If you live anywhere in the US or Canada, yes! We can connect you with a local real estate agent, mortgage broker, or attorney who is experienced in co-ownership.

Is Pairadime a real estate brokerage?

We have a full-service real estate brokerage in western Washington state. If you live elsewhere and are looking for a real estate agent, we’ll match you with one of our partner agents in your area.

Why do you love fractional ownership so much?

When people team up to buy homes together it increases financial and housing security, makes sustainable living easier, and supports stronger communities. Check out our blog post on the benefits of buying a home together to learn more.

If you don’t see your question here, drop us a line and we’ll be happy to answer it!