Premium Only Content

Should Married People Be Buying a House Without Their Spouse? | HauseitĀ®
Should Married People Be Buying a House Without Their Spouse: https://www.hauseit.com/should-married-people-be-buying-a-house-without-their-spouse/
Save 2% When Buying Real Estate in NYC: https://www.hauseit.com/hauseit-buyer-closing-credit-nyc/
You certainly can buy a house without your spouse, and sometimes this may be the wiser move if your spouse has poor credit or lots of existing debt. However, whether you should buy a house without your significant other depends on your pre-nuptial agreement, state laws around community property and the state of your relationship.
So When Should You Buy a House Without Your Spouse?
Your Spouse Has Bad Credit
Your spouse might have bad credit or simply a lot of existing debt which would make it hard for them to secure a loan. Worse still, your spouseās poor financial condition may affect your ability to get a loan if you applied together as co-borrowers.
As a result, sometimes it makes more sense to simply exclude one spouse from the loan application and to apply for a mortgage individually. Keep in mind however this often will mean that your spouse wonāt be allowed on the title as well. Most banks will require everyone on the title for a property to also be a co-borrower.
You Wish to Keep an Investment Property Separate
You may simply wish to keep whatās yours, yours. Perhaps you have a rock solid pre-nuptial agreement with your spouse that allows property purchased separately with individual funds to be kept as separate property.
Buying Your Spouse out of a House
Buying your spouse out of a house may an interesting move if you wish to make a house separate vs marital property, perhaps in advance of a divorce.
This can be advantageous if you do plan on getting a divorce, as this will preclude any messy fights about the ownership of a house, and who gets to live in it.
If you do decide to pursue this route, first check your pre-nuptial agreement to make sure that this type of transaction is allowed, especially if the house is marital property. Your pre-nuptial agreement should specify whether marital, jointly owned property can be made back into separate property.
Once this is confirmed, then itās up to you and your spouse to determine a fair value for the house. Read our guide on how to price my home for sale so you can learn how to do a comparative market analysis and come up with a reasonable price for your home.
Once youāve done that, you can then simply offer to pay your spouse a pro rata share of the valuation.
Alternatively, you can hire an appraiser or simply get price opinions for free from several brokers. You can also take things a step further by actually listing the home for sale, and seeing what the open market will bear.
Keep in mind that testing the market can be risky if youāve signed a traditional Exclusive Right to Sell Listing Agreement because you may be forced to pay your broker commission as long as a āready, willing and ableā buyer is found at your listing price. As a result, you could inadvertently force yourself to sell, or pay a typical broker commission in NYC of 6% of the sale price!
Pro Tip: You can avoid this situation by testing the market with an Agent Assisted FSBO listing which you can de-list at any time. Unlike a traditional listing for 6% in commission, you can choose when, if and who to sell to, if at all. Furthermore, you can save all 6% in commission if you find a direct buyer!
Calculate Your Buyer Closing Costs: https://www.hauseit.com/closing-cost-calculator-for-buyer-nyc/
#hauseit #hauseitnyc
https://www.hauseit.com
-
LIVE
Donut Operator
36 minutes agoHIPPO CRIME/ MP7/ FLOODS: communityfoundation . net
367 watching -
LIVE
Nikko Ortiz
37 minutes agoLIVE STREAM!!!
249 watching -
LIVE
Dr. Eric Berg
3 days agoThe Dr. Berg Show LIVE July 11, 2025
324 watching -
LIVE
LFA TV
13 hours agoLFA TV ALL DAY STREAM - FRIDAY 7/11/25
4,931 watching -
1:02:02
VINCE
3 hours agoBUTLER: Where Are We One Year After The Assassination Attempt? | Episode 83 - 07/11/25
152K48 -
LIVE
Caleb Hammer
1 hour agoSpoiled. Toxic. B*tch. | Financial Audit
134 watching -
LIVE
The Big Migā¢
3 hours agoāEpstein Didnāt Kill Himself, The Deep Stateās Perfect Hit Job?ā
5,279 watching -
1:36:28
Badlands Media
6 hours agoBadlands Daily - July 11, 2025
29.2K1 -
LIVE
Benny Johnson
1 hour agoEpstein Lawyer Drops BOMBSHELL, Reveals Documents ARE Being Covered Up | āIāve Seen The Namesā
8,213 watching -
Matt Kohrs
9 hours agoBitcoin Skyrockets, Stocks Tumble & Payday Friday || Live Day Trading
26.7K3