We are lacking some detail here. If the house is not currently listed for sale and your grandmother still owns it, then contact a title company about facilitating the sale for you without real estate agents. You need to speak to a mortgage broker to inquire about your financing options. Same thing goes about the financing if the home is on the market. You need to see if you can get a loan and what the terms are. If your grandmother no longer owns the home, then that relationship has absolutely no bareing on the seller's desire to sell you the home. It would be nice if emotions played a roll in real estate, but we're talking about money here, and people do crazy things for money. If you want to offer some more detail about the current status of the home then maybe I can give you some more advice. Thanks!
There are some things you need to investigate prior to buying any property especially if you are purchasing from a family member.
You can reach me by phone and I can walk through all of the Do's and Don'ts while purchasing real estate that doesn't fall under the arms-length rule..!
T. Higgs (816) 286-9323
Realtor, Century21 All-Pro
I did not see that property listed for sale currently on the MLS. Does your grandmother still own it, or is it owned by someone else now?
We can help you with all your questions, just call. Larry Leone 816-453-9100
The advice you have received is good. If you would like local assistance, feel free to contact me. I also wanted to buy my Grandparents home only for the sentiment. It would not have been a good buy. There are many factors to consider. You need to look at its current condition and the condition of the surrounding neighborhood. There are some beautiful homes in that area.
Speaking of emotions, I'm all for memories and nostalgia, but buying a home is a huge investment. Buying ANY home. If you want to buy a home, look into getting pre-approved for a mortage that you can afford and terms you can handle. Then, look at some homes in that price range. If yoou still feel like you want to pursue the home you gre up in, then go for it! I'm really not trying to rain on your parade, all I'm saying is consider all of your options before you jump into something you may regret down the road.