would love some advise, im thinking of buying a structurial damaged house of my ex brother inlaw, some damage in roof which would cost 10thousand to fix the house i got it valued 4, 180thousand as it stands he selling 2 me 4 160thou and estate agent says if i spent 70thousand i could sell it for 300thousand.
my big problem is i would have to sell the house i in now to buy it but with the market the way it is now i v'worried, he has someone else ready to buy if i dont, my ex bro inlaw is willing to let me go in and work at the house so as i can get structure fixed to enable me to change my mortgage over on the condition that i give him 5000 now 5000 at xmas and 5000 in march if my house hasn't sold by then, we are going to use a solicitor and im going to have him sign this agreement because i realy want the house he is selling as it was my sisters, but should i trust this way of going, it is my only chance of getting house and was suprised when he agreed, all sensib advise very welco
2007-10-19 09:27:23 · 5 answers · asked by marii d 2 in Business & Finance ➔ Renting & Real Estate
i said its my only chance of getting that house if i sell mine, the house is not leaking its that there is not enough strength in the roof architect said it wouldn't take to much to fix, he has a claim in against his builder for roof that is y the house could possi be an investment.
2007-10-19 10:24:37 · update #1
If the roof has been leaking for awhile, the damage goes well beyond just the roof. In todays market if it is valued at 180, (with the damage seriously doubt) and with 10K investment will sell for 300K. My advice is run away, do not walk run you are being scammed. Let him instead lose it (which it what it sounds like) and pick it up for a song.
2007-10-19 10:15:07 · answer #1 · answered by Pengy 7 · 1⤊ 0⤋
If the roof has been leaking for awhile, the damage goes well beyond just the roof. In todays market if it is valued at 180, (with the damage seriously doubt) and with 10K investment will sell for 300K. My advice is run away, do not walk run you are being scammed. Let him instead lose it (which it what it sounds like) and pick it up for a song.
I THINK YOU SHOULD GO WITH THIS
ANSWER FROM Pengy
2007-10-19 11:31:49 · answer #2 · answered by Anonymous · 0⤊ 0⤋
you may in basic terms carry out till the contingency expires. If I gave you $a million on your living house you may want to refuse that provide. in basic terms because there is an provide on the table does no longer mean you would opt for to take it. confer consisting of your Atty yet i imagine that you may easily wait it out.
2016-10-21 10:29:25 · answer #3 · answered by ? 4 · 0⤊ 0⤋
you said "I would have to sell the house I'm in now" then later you said "it is my only chance of getting a house"
something doesn't make sense
2007-10-19 10:14:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I say go for it...he is family...what could possibly go wrong whne doing business with family...
2007-10-19 10:04:10 · answer #5 · answered by Johnny A 3 · 0⤊ 0⤋