It really depends on what kind of nuptial ceremony you plan on having? Something informal with low overhead? Then sure, get married first as that won't crunch the pocket book. Now if you want a "Cinderella" wedding, then WAIT!!!!!!!!!! I would definitely purchase a house first!! Housing prices generally continue to go up, hence, equity in your pocket!! If you are worried about what family will say, who cares?? It's your life and you are only trying to better it!
Good luck :)
P.S......... purchasing a house sans marriage has absolutely NOTHING to do with who gets what should you seperate prior to getting married. How you take title DOES!! Should you purchase the home prior to marriage, you would each take title in your individual name, then after each of your names, you would state "single man" and "single woman" (assuming neither of you has been married before. If either of you has been married before, then after that person's name it would say, "unmarried man/woman". You would then have to decide that should one of you die before the other whether or not you want to leave your share of the house to the other person OR to someone else. I'll give you an example of each:
This would be if both have never been married before AND want to leave the house to the surviving partner:
Jonh Doe- single man and Suzie Smith-single woman as joint tenants.
Now if each of you would prefer to leave your half of the house to someone else, this is how you would take title (again, assuming neither of you has been married):
John Doe-single man (list his percentage of ownership) and Suzie Smith-single woman (list her percentage of ownership) with right of survivorship.
In this case, you would state in a will or trust or even on a notorized piece of paper, "who" your percentage of the house goes to. Also, in either example, if one of you has been married you would just change out "single" to read "unmarried".
· 1 decade ago