Exit Strategy Section Review
In this section, you explored:
✅ Why exit strategies are necessary for co-ownership
✅ Different ways co-ownership unwinds
✅ The importance of documenting your exit strategy
You don’t necessarily need to memorialize your exit strategy before closing on a home. You should discuss what an exit looks like with your co-buyer(s), though.
The earlier you’re aware of the potential outcomes and how you can deal with them, the better you’ll be able to protect yourself, your relationship(s), your home, and your investment.
Resources
CoBuy Blog: Co-ownership Exit Strategy: Plan, Protect, Maximize Returns
CoBuy Blog: What's a Co-ownership Agreement & How to Create One
CoBuy-certified™ RE Agent Don Koonce: CoBuy Success Story Where Sisters Buy & Sell their First Home Together
Matt Holmes (LinkedIn) is co-founder and CEO of CoBuy, formed in 2016 to unlock homeownership for everyone. Before hopping a flight to Seattle to start CoBuy with his mother, Matt worked in investment banking and financial markets in London for a decade. He holds degrees from University College London (BSc Economics) and ESCP Business School (Masters, London & Turin).
Pam Hughes (LinkedIn) is Co-founder and COO at CoBuy. She has over 40 years of experience across finance, real estate, insurance, and construction. Pam has committed to personal empowerment through financial education for decades, which inspired her to start CoBuy with her son in 2016. She's best friends with a small dog known as Francis.