Hello!
My husband and I are buying a house from a close friend and everything has been going well do far.
Some details: * Purchase price is 255K * We're using a VA loan * We're also taking advantage of a first time home buyer program that caps our interest at ~2% * The house needs some work, mostly cosmetic, e.g. floors replaced, exterior paint, rebuild deck
My husband's idea is to change the price to 275K and have the friend transfer the extra 20K to us to put towards house projects.
My gut is telling me this is a bad idea and we shouldn't do it, but I can't pinpoint the reason why I feel this way. Can someone help explain any pros and cons to this idea?
Thanks!
Submitted April 14, 2022 at 09:49PM by Igloo7 https://ift.tt/UZaF391
