Would you accept help from a relative?

mothershipton

hope you find something to buy kunekune and lavish lots of attention on FIL. Im sure that would be much appreciated. We got help from my grandma when we bought our first flat, saved to pay her back, she promptly said keep the money and go on holiday! So we did! My mum and dad have also given us gifts over the years as they sold houses and sadly when my mum died. My dad is currently talking about another gift to help with our mortgage. As long as the money is a gift and not going to affect your FIL day to day living I would accept it. Isnt that what families are about. We lent money to SIL for her first place so what comes around goes around...

good luck with your hunt

whathavewedone

Yes!!!

I think actually it should be your oh's decision and not yours as it's his inheritance at the end of the day and it's up to him whether it would be more useful now or at some stage in the future.

I'm married and my father told me and my sister that he was giving us some money last year. I just told my oh I certainly didn't ask his permission. It's not in a joint account either!

My father is also in his late 70s and part of his reasoning for giving some money to us now was to avoid inheritance tax (provided he survives for 8 years). It may be part of your FILs reasoning too - if that's his wish then I think you should respect it really.

Accept the money graciously, take him out for a lovely dinner and make sure he feels appreciated for the rest of his days. That's what I'm doing with my dad. That money really couldn't have come at a better time for us.

JayZed

kunekune, glad you've decided to accept your FIL's offer and good luck with the househunting.

Do you keep kune kunes? Or did you in NZ? If we ever have a house with suitable outdoor space, we plan to keep a couple.

kunekune

No, not really room in a Wellington suburb! But I have always loved pigs (I have a particularly nice little greenstone one), and especially kunekunes, they are so tickly!

kunekune

Another day, another offer ...

That sounds like we're a bit mad, but this will be an increased offer on the place we offered for in May and again a week ago. We were originally happy to pay 170, then when the seller reduced the price, we re-offered at a lower level. We're now going to go back to our original 170 - which was based on what we thought was happening to prices, and isn't far off the mark really. The seller has indicated she won't accept less and it is the biggest house for our money (apart from the lovely one we're not going to get). Good condition but needs a lot of updating. There will be enough in the budget for that (about 15K) and I'm actually looking forward to my first ever modernisation project! The plan is to do as much messy stuff before we move in - kitchen is priority, and then if there's still money in the pot, the bathroom(s). We'll just do a quick paint job on the rest and then wait until the savings are replenished. We think we can make it look as good as the others we looked at, actually better, and we'll end up with a fifth bedroom and a garage that has a laundry in it.

Please keep fingers crossed - the seller has just had surgery and it might take a little longer for the EA to get hold of her than usual. SURELY this time we'll be in luck.

liz-paul

Good luck, hope you get it :-)

QTPie

Good luck kunekune

If it is big, has potential and you really like the plot and location, then I am sure it is great. Modernising yourself is great - if you have the patience - because then you can get things exactly how you want

BUT definitely get a full homebuyer's report/survey done...

Good luck.
QT

kunekune

I do not believe this!!!!!

I was rung yesterday at 3.30pm to say they had not managed to get hold of the vendor to pass on the offer, but had left a message with her daughter and would try later.

This morning I am told that there was a viewing yesterday evening and there has now been another offer, that is 'considerably' higher than ours. My response was "let the other people have it".

I have doubts whether they exist. For a start, this house has been on the market and offer-less for nearly a year - well, apart from our offers. And if the vendor was unobtainable, how come she was able to show someone around? And then they offer on the spot? Also, our offer was 170 on an asking price of 174, 950! So unless these people went over the asking price (in THIS market?????), then it can only be a little higher (and presumably the figure was reached after they were told what our offer was ... the one the vendor supposedly did not know about). So I think this was an attempt to wring a little bit more out of us, but even if it wasn't, this just isn't meant to be.

OH prefers the other house we haven't offered on yet, anyway, because although it's smaller, it doesn't need anything doing to it. So, after my next lecture (constructive trusts ...) I'll be on the phone to another office of the EA firm involved.

Wonder what will go wrong this time, LOL. After this one, there are no other two storey four bedroom houses under stamp duty in the catchment area for the secondary we want. So it'll be a waiting game ... Not a biggie but it just goes to show that the picture in the press is not the whole story.

Debt_Free_Chick

Many others will disagree and I can only speak about my local market, but there have been more viewings/offers in the last week than the whole of the last year put together.

It ain't over til it's over, however

poppysarah

Sounds well shady of the EA.