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Updated about 4 years ago,
Buying my grandmother's old home?
My family is in a weird spot right now with my grandmother and her estate. She is not in good health and needed to go to an assisted living facility. My mother has been managing her estate and is getting tired of managing the home. She is still figuring out all of her legal options but it is difficult because my grandmother did not want to leave her home to go to assisted living. She is still insisting that she go back home but she is not able to take care of herself there. I talked briefly with my mother about potentially purchasing the home because it would probably be a more acceptable to my grandmother than selling it to a stranger.
My question is: would it be appropriate to purchase the home? There is a lot of nuance that goes into this that I don't need to dump on you guys but in a way it is the kind of sale a lot of people look for. My wife and I are also looking at buying our first home (we live in Fort Collins and my grandmother lives in Pueblo). I know there are a lot of details we need to consider in terms of numbers but I was hoping for some sage wisdom from all of you. I am cranking this post out pretty quick on a break at work so I apologize for any missing details. Thanks!