andrewg
Thread starter
Originally Posted By: xfactor9
Just wondering why she's so anxious to get out of this house? I think it'd be easier and cheaper to rent it to him and let him take care of the house as if it were his. There would be no costs like title, escrow, appraisal, mortgage orgination, etc. Both seller and buyer are spending thousands of dollars to basically transfer a piece of paper within the family. Doesn't seem worth it.
She has lots of reasons. Some of them personal...some financial. It's just been time for her to be rid of it. If she rents it, she'll have responsibilities of a landlord that she just isn't willing to deal with. Her son wants to own his next home as well, not rent. She's been saddled with this property and nearly all the maintenance, on her own for about twenty years. The last straw was a necessary second mortgage she needed JUST before the economy tanked. Needless to say, she just wants as far away from this house as she can get.
Just wondering why she's so anxious to get out of this house? I think it'd be easier and cheaper to rent it to him and let him take care of the house as if it were his. There would be no costs like title, escrow, appraisal, mortgage orgination, etc. Both seller and buyer are spending thousands of dollars to basically transfer a piece of paper within the family. Doesn't seem worth it.
She has lots of reasons. Some of them personal...some financial. It's just been time for her to be rid of it. If she rents it, she'll have responsibilities of a landlord that she just isn't willing to deal with. Her son wants to own his next home as well, not rent. She's been saddled with this property and nearly all the maintenance, on her own for about twenty years. The last straw was a necessary second mortgage she needed JUST before the economy tanked. Needless to say, she just wants as far away from this house as she can get.