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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Buying a house for 30k
My fiancee's aunt is going to be moving out in a bit (a year or so) and has offered to let us buy the house from her for 30k.
It's an amazing house (relatively new) 3 bedroom 2 bath, and its normal market is 125k and is in a great neighborhood.
Is there any way we can get a loan for 30k to pay her?
Re: Buying a house for 30k
Agreed. You will need to get in contact with your bank or a mortgage broker to do this. It will likely not be as simple as a $30k transaction, though. There will be closing costs associated with the sale as well...and it is important to note that you will be paying taxes on the full value of the home, not just on $30k.
You can get a loan for anything. If you know of any real estate agents, it might be worth it to see if they can put you in touch with a mortgage company.
<a href="http://smg.photobucket.com/albums/v123/magicwombat/?action=view
Do you mean anything as in you can get a car loan, house loan, personal loan, etc or do you mean anything as in any amount? Either way, she would have to qualify for the loan and the amount, therefore not technically getting a loan for "anything".
THIS
Obviously i dont really know your financial situation
But just be sure you're ready to pay property taxes and insurance on a $125K home - the monetary difference between $125K and $30K of these two things makes a HUGE difference.
And also, if she originally bought it for $125K, i'd have it reappraised depending on how long ago she originally purchased it. That can lower your taxes sometimes because the value of the property can actually decrease over the course of 10 years - BUT it can also increase
just a thought.