Pairgap, a real estate co-buying platform designed for people who purchase property together, has unveiled its Real Estate Prenup Builder, a structured agreement tool designed to provide a legal framework to define co-ownership expectations before purchases are transacted.
According to the New York City-based Pairgap, the Real Estate Prenup Builder offers a guide to shared ownership issues, including ownership percentages, down payment allocations, ongoing expense responsibilities, guest provisions, exit procedures, and dispute resolution. Features include attorney review, notary, and predictive guidance, along with a calculator help buyers model their combined purchasing power and a “Partner Personality Assessment” designed to help co-buyers better understand financial alignment before committing to a purchase.
In releasing the tool, Pairgap cited National Association of Realtors data that showed more than one in four first-time buyers enter the market with a co-buyer. The tool is available in Pairgap’s mobile app, now available on iOS and Android.
“A mortgage is one of the most significant financial partnerships many people will ever enter,” said Nikki Merkerson, founder and CEO of Pairgap. “But for years, co-buyers have had to figure out the legal side on their own, with no roadmap and little structure. The Real Estate Prenup Builder changes that. It gives everyday buyers access to the kind of thoughtful planning frameworks sophisticated real estate investors have long used.”
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