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Would you buy a house from your friend?

Posted By Message

Blu-ize
Plan B is Now Plan A

Member since 7/05

32475 total posts

Name:
Susan

Would you buy a house from your friend?

Meaning your friend's house..that they are selling? Do you think that's a bad idea generally?

Posted 3/27/13 12:04 PM
 
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Kitten1929
LIF Adult

Member since 1/13

6040 total posts

Name:

Would you buy a house from your friend?

It would depend on the house. Out of our 2 best friends, we would buy one and not the other. Simply because one is more our style than the other. But the houses are well-maintained, in areas we like and have no issues other than cosmetic upgrading.

Posted 3/27/13 12:10 PM
 

ISpoilHim
I think I got this

Member since 11/10

1523 total posts

Name:
K

Would you buy a house from your friend?

Me personally - no. If anything went wrong I would always wonder in the back of my mind if they knew it was going. Also, if and when I make changes to the home, I would always feel that they are judging me. For me it would be awkward.

Posted 3/27/13 12:35 PM
 

JDubs
different, not less

Member since 7/09

13160 total posts

Name:

Re: Would you buy a house from your friend?

Posted by ISpoilHim

Me personally - no. If anything went wrong I would always wonder in the back of my mind if they knew it was going. Also, if and when I make changes to the home, I would always feel that they are judging me. For me it would be awkward.



ITA

Posted 3/27/13 12:37 PM
 

Pomegranate5
LIF Adult

Member since 2/11

4798 total posts

Name:
Pomegranate5

Re: Would you buy a house from your friend?

I know someone who did it and it worked out fine, but I don't think they were really good friends to begin with.

I would not. I've heard too many horror stores about doing business with friends or family, and we've had some bad experiences of our own. Not worth losing a friend over hard feelings.

Posted 3/27/13 12:38 PM
 

ElizaRags35
My 2 Girls

Member since 2/09

20494 total posts

Name:
Me

Re: Would you buy a house from your friend?

Posted by JDubs

Posted by ISpoilHim

Me personally - no. If anything went wrong I would always wonder in the back of my mind if they knew it was going. Also, if and when I make changes to the home, I would always feel that they are judging me. For me it would be awkward.



ITA



Me too.

Posted 3/27/13 12:41 PM
 

Blu-ize
Plan B is Now Plan A

Member since 7/05

32475 total posts

Name:
Susan

Re: Would you buy a house from your friend?

I personally wouldn't. I think you could easily lose a friend over it.

Someone at work was trying to buy her friend's house. The house didn't appraise and then a whole mess ensued.

Posted 3/27/13 3:19 PM
 

Kitten1929
LIF Adult

Member since 1/13

6040 total posts

Name:

Re: Would you buy a house from your friend?

Posted by Blu-ize

I personally wouldn't. I think you could easily lose a friend over it.

Someone at work was trying to buy her friend's house. The house didn't appraise and then a whole mess ensued.




I could definitely see it getting messy. And buying a house is SUCH an emotional process as it is that adding in the friend factor if something were to go wrong would just fuel the fire. I didn't even think of the cons of buying from a friend, but I'd probably REALLY rethink it now!

Posted 3/27/13 3:39 PM
 

Erica
LIF Adult

Member since 5/05

11767 total posts

Name:

Re: Would you buy a house from your friend?

Posted by ISpoilHim

Me personally - no. If anything went wrong I would always wonder in the back of my mind if they knew it was going. Also, if and when I make changes to the home, I would always feel that they are judging me. For me it would be awkward.



ITA - no no no never

Posted 3/27/13 3:42 PM
 

Mariabella
LIF Adult

Member since 4/10

951 total posts

Name:
Mama

Re: Would you buy a house from your friend?

Absoluty not!

Posted 3/27/13 3:44 PM
 

JennZ
MY LIFE!!

Member since 8/05

25463 total posts

Name:

Would you buy a house from your friend?

No. Falls into the dont shit where you eat category.

Posted 3/27/13 3:53 PM
 

marianne13
LIF Adolescent

Member since 6/10

887 total posts

Name:

Would you buy a house from your friend?

I would as long as the terms and price were fair. And I would treat it the same way I would treat any other home purchase..I would get an inspection, asks questions, etc.

I would not lend a friend money though.

Posted 3/27/13 4:01 PM
 

Lori Brewer - Daniel Gale Sotheby's International Realty
LIFamilies Business

Member since 1/13

134 total posts

Name:
Lori Brewer

Would you buy a house from your friend?

Absolutely not, unless they were an acquaintance or a frenemy. Not even if it were my dream home and I was getting a great deal. There is just too much that can turn ugly and emotional quickly.

Posted 3/27/13 5:48 PM
 

LotsaLuv
Us

Member since 6/10

4094 total posts

Name:
F

Would you buy a house from your friend?

Business & Pleasure never mix well. No house is ever perfect, so things are going to happen that you will need to fix, and it can make the relationship awkward if you ask them about these things or always wonder if they knew.

Posted 3/27/13 9:13 PM
 

Bearcat
Love my little girls!!! <3

Member since 6/10

10818 total posts

Name:
E

Re: Would you buy a house from your friend?

NOOOOOOOOOOOO! I can't even begin to count the number of times I've cursed all previous owners of our house! I'd hate to have those feelings towards a friend!

Posted 3/27/13 10:14 PM
 

KevinNKristin8-15-08
Welcome to the world Chase

Member since 9/08

6162 total posts

Name:
Kristin

Re: Would you buy a house from your friend?

Posted by Blu-ize

I personally wouldn't. I think you could easily lose a friend over it.

Someone at work was trying to buy her friend's house. The house didn't appraise and then a whole mess ensued.


I agree. I wouldn't personally.

Even just renting I've seen many problems occur between friends.

Message edited 3/28/2013 11:01:23 AM.

Posted 3/28/13 10:59 AM
 

luvmotherhood
california dreamin'

Member since 2/13

1443 total posts

Name:
love my family!

Re: Would you buy a house from your friend?

Posted by JennZ

No. Falls into the dont shit where you eat category.


This

Posted 3/28/13 6:25 PM
 

MrsG823
Just call me Mommy.

Member since 1/11

5570 total posts

Name:
S

Would you buy a house from your friend?

Personally, I would not. I agree with the ladies who said you never mix business and friendship.

Posted 3/28/13 6:42 PM
 

MarisaK
HELLO Manolo !!

Member since 5/06

14562 total posts

Name:
Marisa

Re: Would you buy a house from your friend?

Yes, generally I think any type of major financial agreement is NOT a good idea between friends and/or family
I wouldn't buy the house

Posted 3/29/13 11:04 AM
 

summerBaby10
let's be nice

Member since 9/07

10208 total posts

Name:
Wifey

Re: Would you buy a house from your friend?

I could never.

Posted 3/30/13 1:50 PM
 

DiamondGirl
You are my I love you

Member since 7/09

18802 total posts

Name:
DiamondMama

Re: Would you buy a house from your friend?

If I loved the house I would consider it. Of course I would have an inspection done and do all the things I would do if I was buying a house from a stranger but if I loved the house and it was in my price range why not? I mean if down the line the boiler goes or there is some problem with the house that wasn't found at inspection I would assume my friends didn't know and honestly thats the risk you run when buying any house .

Posted 3/31/13 10:02 AM
 
 

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