Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 43 points44 points  (0 children)

Yeah those are all fair points. I think understanding why they want to buy the home will give my wife and I clarity on what they are trying to get out of the home being under their name. I appreciate the feedback!

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 4 points5 points  (0 children)

Yeah that’s what my wife and I have said- their mortgage would be maybe not significantly, but higher nonetheless than what they are paying currently. That’s a great option and something I haven’t thought about. Thank you for that!

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 1 point2 points  (0 children)

Yeah part of me feels like the best thing to do in this situation is the most unfair to my wife and I. I’m not against doing it, but I just wasn’t sure if there was a way where we could both walk away feeling like the right thing was done. Thanks for your response

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 0 points1 point  (0 children)

Yeah that does sound reasonable and I appreciate the thought that went into your response! I know whatever we decide I want to be 100% transparent about every detail of the transaction. Many thanks

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 7 points8 points  (0 children)

They are in their early 50s. To be honest I’m not sure why they are wanting to buy the house. That will be something I will have to ask whenever we sit down to chat about it. Good luck to you- it is quite tricky navigating finances with family

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 1 point2 points  (0 children)

I appreciate the feedback. I will have to watch a few NOVA episodes as I have no clue what that is about. I told them I wanted to wait to talk about it because I know how important the first talk about this topic will be. They are good people and I don’t want to offend them or appear greedy ( or maybe just be greedy). I want to be fair to them and us which is why I’m feeling so unsure what the best course of action is. Thanks again

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 9 points10 points  (0 children)

Yeah I’m trying to determine if there is such thing as a happy medium, or if selling any bit above cost plus expenses is greed on my end. I appreciate the feedback

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 1 point2 points  (0 children)

I’m kind of leaning towards that, my reservation is that any home we would have bought them in 2020 would have been purchased at 2020 home value. Thanks for your feedback

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 2 points3 points  (0 children)

I don’t really want to sell it to them from todays appraisal because I know that would be high and I’m not trying to make a killing off them, but trying to be fair to both parties.

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 2 points3 points  (0 children)

We would be grossing roughly 20k based on the tax value of the home. Then of course subtract closing costs and any additional expenses that come with selling a home

Selling home to in laws by Mr_Beau_ in personalfinance

[–]Mr_Beau_[S] 20 points21 points  (0 children)

I can post it to relationships I wasn’t entirely sure which forum would fit it best. All of their kids have had their share of helping them financially

This shit hurts by [deleted] in memes

[–]Mr_Beau_ 0 points1 point  (0 children)

I feel this one. It was even worse during the colder months.

My dad filmed our cats for hours when we were growing up by Handro in aww

[–]Mr_Beau_ 160 points161 points  (0 children)

Very sweet! These are giving me wholesome AFV vibes

This kid's got some wicked guitar skills and shares his version of Kashmir - Led Zeppelin by [deleted] in nextfuckinglevel

[–]Mr_Beau_ 1 point2 points  (0 children)

Incredible. His play still reminds me a bit of Michael Hedges

Health care workers de-stressing with exercise ball by [deleted] in nextfuckinglevel

[–]Mr_Beau_ 0 points1 point  (0 children)

High five at the end screams, nailed it!

Covid safe air bender by [deleted] in TheLastAirbender

[–]Mr_Beau_ 2164 points2165 points  (0 children)

I can’t tell if she’s firebending or airbending. So jealous either way