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We had several real estate agents come over and value the house. 1 said it was worth $550k, 1 said $570k, 2 said $600k+ – i have spoken with them about the price of the property i think that $580 would probably be fair – they got quite offended. They have said if we pay $600k they will give us $5k cash to start on renovations.
Thanks very much for your help.
The loans will be taken out seperately so 3 would be $150k and his mums who's putting in $100k deposit would only be $50k. I am estimating about $25k would have to be spent on renovations. It's a double edged sword.
Realistically I can't buy without them right now.I definately think going to a solicitor is a must and it could work if a JV agreement was made up.
Thanks for the feedback.
I have been with my partner for just over 3 years now and I get along with his family great. The house is worth about $600k and we would divide that by myself, my partner, his mum and his brother. So the lone would be $150,000 per person. His mum will be putting in about $100k of the deposit. I am 19 years old working in a full time sales position earning great money for my age. It is such a hard decision to make and I don't have any one who can give me unbiased advise.
