Notifications
Clear all

How Family Home Sales Can Help You Buy Faster (Without Huge Cash)

131 Posts
125 Users
0 Reactions
704 Views
rocky_explorer4479
Posts: 14
(@rocky_explorer4479)
Active Member
Joined:

Yeah, I’ve run into that “recent upgrades” thing more times than I can count. One time, I was helping a friend buy his aunt’s place and the family swore the HVAC was “practically new.” Turns out it had just been serviced, not replaced. No receipts anywhere, just a lot of vague memories and shrugs. It’s wild how easy it is for stuff to get lost in translation when everyone thinks they remember what happened. I always push for an inspection, even with family—saves a ton of headaches later.


Reply
reader83
Posts: 11
(@reader83)
Active Member
Joined:

Totally relate to the “recent upgrades” mystery—sometimes it’s like playing detective just to figure out what’s actually been done to the place. I once bought a house from my cousin, and everyone swore the roof was replaced “a few years ago.” Turns out, “a few” meant closer to twelve. Family means well, but memories get fuzzy, especially when it comes to big-ticket items.

Inspections are a must, even if it feels awkward with relatives. Honestly, it’s saved me from some expensive surprises more than once. And yeah, receipts seem to vanish into thin air in family sales... I swear there’s a black hole just for home repair paperwork. At the end of the day, trust is great, but I’d rather have a licensed pro check things over than rely on Uncle Bob’s recollection from Thanksgiving dinner.


Reply
spirituality_elizabeth
Posts: 16
(@spirituality_elizabeth)
Active Member
Joined:

Family home sales really are their own adventure, aren’t they? I’ve seen more than a few “recent” upgrades turn out to be from the Bush administration. You’re spot on about inspections—awkward or not, they’re worth every penny. Even when everyone’s got the best intentions, memories get creative over time. Honestly, I’d trust a licensed inspector over Aunt Linda’s “I think it was 2012?” any day. It’s all part of keeping things smooth and saving yourself headaches down the road.


Reply
scloud93
Posts: 16
(@scloud93)
Active Member
Joined:

Even when everyone’s got the best intentions, memories get creative over time.

That’s so true—it’s wild how a “new” water heater is suddenly pushing 20 years old when you check the paperwork. I get why people want to skip inspections in family deals to save money, but honestly, it’s such a small price for peace of mind. Out of curiosity, has anyone here ever run into issues with appraisals coming in low on a family sale? I had to refi right after buying from my folks because the bank didn’t agree with our price. Curious how common that is...


Reply
timmountaineer
Posts: 26
(@timmountaineer)
Eminent Member
Joined:

I get why people want to skip inspections in family deals to save money, but honestly, it’s such a small price for peace of mind.

Totally agree. Skipping the inspection is like playing “guess what’s behind door number two” with your own wallet. On the appraisal side, yeah, family sales can get weird. Banks don’t care if you’re getting the “family discount”—they want to see market value. I’ve seen deals where the appraisal came in way under, and suddenly everyone’s scrambling to adjust the numbers or cough up cash. It’s more common than people think, especially if you’re trying to keep things “in the family.”


Reply
Page 26 / 27
Share:
Scroll to Top