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- Apr 28, 2008
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- 11,676
...if a family member wanted to give it to you?
DH and I currently rent but we've been looking for a house to buy for a while. However, when his grandparents hear that we were house hunting, they offered to give us their second home, free and clear (well technically it will be "sold" to us for $1). The title and all the other paperwork would be in *our* name, and we would have no mortgage payments at all since it's obviously already paid off--all we would be responsible for are the property taxes basically (and of course all the other expenses that go along with being a homeowner ). It's an extremely generous offer, and DH and I are tempted to take it but part of us wants to have our own house that no one helped us with or gave us. It's a pride thing. Plus even though it would officially be our house, we still worry that the grandparents would feel like they have the right to offer advice or meddle in our business since it's their home they're giving us.
What do you think? Thanks for the advice.
DH and I currently rent but we've been looking for a house to buy for a while. However, when his grandparents hear that we were house hunting, they offered to give us their second home, free and clear (well technically it will be "sold" to us for $1). The title and all the other paperwork would be in *our* name, and we would have no mortgage payments at all since it's obviously already paid off--all we would be responsible for are the property taxes basically (and of course all the other expenses that go along with being a homeowner ). It's an extremely generous offer, and DH and I are tempted to take it but part of us wants to have our own house that no one helped us with or gave us. It's a pride thing. Plus even though it would officially be our house, we still worry that the grandparents would feel like they have the right to offer advice or meddle in our business since it's their home they're giving us.
What do you think? Thanks for the advice.