By Chill-Hyena ⢠Score: 47 ⢠April 9, 2025 8:01 PM
My boyfriend (57) wants me (46) to buy into his motherās (84) house. He has power of attorney over her as she has Alzheimerās/dementia. He is currently on title with his mom for the home. He wants to remove his mom from title and have me buy half the house and he will use that money to pay his sister her share. His two so sons age 19 & 21 live with us. Neither is currently working. The oldest is trying to finish high school online. My boyfriend says he is giving them two years to save up and get out and has told them they need to get jobs. The caveat for me is that when my boyfriend dies he wants his sons to have first right of refusal to buy the home which they plan to do using money that will be left to them. He said Iāll have two years to get out and the home price will be decided by the boys and I each getting a realtor evaluation. My boyfriend says doing things this way will give him more money to enjoy his retirement and ālook after meā. I feel like it will never be āmy houseā even though Iām buying half, Iām not fond of eventually being forced to leave. It doesnāt make me feel like putting time, money,effort and love into the home. Itās also not really a home I like and itās full of his motherās belongings plus my boyfriendās stuff and no real room for my things which are stored away in a big shed. We would buy as joint tenants meaning if he dies before me I get the value of his half of the house and vice versa. His mom will be living with us and he will expect me to help with her care. In return he says he will cover the majority of the bills. Iām just having trouble getting my head around buying into a home Iām not happy with and that Iāll eventually be forced out of even though I can see some positive aspects to the scenario as well. And just as an fyi I have two grown kids who are fully independent and living on their own. And my boyfriend and I plan to get married next Summer if I agree to this and I would buy in after. So if you were in my position would you buy in?
*Edit his kids would be buying the home from me but Iād be forced to sell it to them within two years if my boyfriend ( eventually husband ) dies before me.
Also no mortgage on the house. Iād buy my half in full and he already owns his half in full.
Please wait...
Fetching data...