My godmother has decided to sell her home to move into a retirement village. It has all happened very quickly, and in order to help, I have suggested that I purchase her house.
I am a FTB, and this house is currently 40% more than I was intending to spend. I would have to get assistance with a downpayment from family.
Before I mentioned that I may look at purchasing the house, she mentioned that an estate agent had quoted her around £10,000 less than her son has offered it to me for - he's suggesting I pay their *ideal* price.
By not going through an estate agent, we will both be making a saving, plus they won't have to wait for a potential chain. I don't want to cause friction as this is a rather delicate situation being that we know the people involved. So if anybody has been in a similar scenario I'd be interested to hear your thoughts.
Thanks!
I am a FTB, and this house is currently 40% more than I was intending to spend. I would have to get assistance with a downpayment from family.
Before I mentioned that I may look at purchasing the house, she mentioned that an estate agent had quoted her around £10,000 less than her son has offered it to me for - he's suggesting I pay their *ideal* price.
By not going through an estate agent, we will both be making a saving, plus they won't have to wait for a potential chain. I don't want to cause friction as this is a rather delicate situation being that we know the people involved. So if anybody has been in a similar scenario I'd be interested to hear your thoughts.
Thanks!