A month ago my spouse's grandfather died and left his house to his only child, my mother-in-law. She already has a house and offered to sell his house to my spouse and I at half-price. This is very exciting to us as we've been renting a cramped apartment for the past 15 years. Buying this house at half-price (which ends up being under $100K) is really the only way we'll probably ever be able to buy a home. Also, MIL says we can keep whatever stuff we need to set up house, like any furniture or appliances that are already there.
However, I worry there's a catch somewhere. It just seems too perfect. My MIL even offered to update the roof and gutters before the sale, which is wonderful. Generally it's a well-cared-for house though some items may need updated down the line. It is small and reasonable to maintain.
Right now my spouse and I make a combined net income of $35,000/yr and I admit I know next to nothing about buying or owning a house. Any pitfalls I should look out for?
Submitted January 15, 2020 at 05:30PM by HouseHeart80 https://ift.tt/30q2tIW
