Title Options for Gay Couples When Buying a Home in Florida

Yesterday I met with my customer who is buying a home

here in Hudson Florida to discuss how he would like to take title on this home.  I have this discussion with everyone I help in my business but with my gay home buyers, we generally have a very personal conversation about their relationship as well as their title options.  You may think that is too personal to discuss with your Realtor but it has been my experience that the customer will provide information willingly and a heart to heart conversation is the best approach.

Not every relationship is the same and without the legal right of marriage (for now) many gay couples buying a home want guidance on how they take title and what it means to them and their relationship.  My conversation yesterday was a serious discussion regarding not only their relationship but finances.  The gentleman buying the home has not only other real estate assets in another state but he also has a large number of investments and a substantial amount of liquid asset that he accumulated by himself prior to his current relationship.  The home is being purchased with all cash and with his partner having his own income and finances my customer felt that he wanted to take title in his name alone and that if his partner wants to be added to the deed down the road, he would need to produce a monetary interest in the property.  He will have his will updated to leave his partner the home.

Before he came to this decision, we discussed very personal

aspects of their relationship and finances. My only part in this conversation was to listen as my customer talked and let him come to his decision on his own.  Sometimes gay couples buying a home will obtain a mortgage in the name of only one person in the relationship.  When this happens I like my customers to really talk it out and come to a well informed decision about how they take title.  Without the legal rights of married couples, we need to make informed decisions on our home purchases that are best for our individual relationships. Being a gay man, I understand the needs and concerns of my gay customers and I am available to anyone who would like a consultation regarding real estate.  Contact me online anytime with your questions. I am here to help my gay family.

written by Michael J. Gallo