When my friend and I got married last year, our guest were more than generous with the monetary gifts they offered us, however we genuinely felt Blessed to have so several people come out to support our new lives together.
We put the cash in the savings account to hopefully be able to put a down payment on a home within the year.
We started looking slowly at properties that my friend and I could afford. They had to be close to labor for both of us, in a lower tax area, and my friend and I needed a fenced yard for our two puppies. We figured that anything else my friend and I could handle, such as cosmetic upgrades and such. The opportunity arose to purchase one of my uncle’s homes as he was relocating. He was willing to lower the asking price so that family could purchase the home and it met all of our most crucial needs. We made a immense mistake in not hiring an inspector when buying the house. After all, my friend and I were buying from family, what could go wrong? After spending all of our savings on the down payment, painting, and some landscaping, my friend and I just found out the the Heating & A/C system is shot. The corporation that had diagnosed it for years told us that they had been telling my uncle to upgrade or substituted for many years, then this, was a fact he failed to mention, when he sold us the house; My parents are genuinely mad and have offered to loan us the cash for the repairs. The Heating & A/C corporation said that they do offer financing so either way, my friend and I will be stuck making payments for the new system. At least my friend and I can save cash on our utility bills as the new one will be way more efficient. Buyer beware, I never thought I needed it when dealing with family, feel I was wrong.