Part 4/6:
CoBuy aims to simplify and formalize the co-ownership process, making it more manageable and transparent for users. Some of the key challenges the platform addresses include:
Differing Down Payments: Facilitating agreements where each owner contributes according to their financial capacity.
Ownership Percentages: Clearly defining each person’s stake in the property based on their contribution.
Decision-Making on Repairs: Establishing protocols for maintenance, repairs, and other property-related decisions.
Exit Strategies: Planning for scenarios where one owner wants to sell, but others prefer to keep the property—ensuring everyone’s interests are protected.