Matching first-time homebuyers
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Faced with rocketing real estate prices, first-time homebuyers have a new option in the UK: buying with a stranger they've found online. Shared Spaces is a 'co-buyer network', enabling potential buyers to join forces with others. Like most online social networks, members begin by posting a profile. They describe their likes and dislikes, what they're looking for in a potential co-buyer/room-mate, and which towns and neighbourhoods they'd like to move to. The website offers tips on doing background checks and advises co-buyers to have a deed of trust drawn up by a notary, outlining issues like ownership share and what…
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