Manage Risks Section Review
In this section, you drilled down into common risks and challenges during the co-buying process.
We saw how:
✅ Lack of planning creates friction and leads to tricky situations.
✅ Sometimes, the consequences of poor planning, negligence, and oversight materialize immediately. Unfortunately, the ramifications may not appear for months or years.
✅ Proactive risk management is the best defense against added costs, wasted time, and stress.
Managing risk is about more than covering your downside—it’s how you unlock upside potential. Developing our risk awareness makes it easier to avert undesired outcomes and optimize for Return on Investment.
No one else during the co-buying process or co-ownership journey will remind you of this. Mortgage lenders and RE agents don't have incentive to, nor do the other professionals.
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.