example, my mother in law may have some land she is willing to sell to me and my wife (her daughter) for about 100,000. she could get much more on the open market. should i say "sold" i'll take it, or should i make an offer of a bit less because it is her daughter we are talking about and she would probably take less cause its for her, or is this not proper etiquette in this family matter? i have a great relationship with the entire family, and they are well to do and dont need the money, yet i dont expect them to give us the land either. just not sure how to handle the situation at the moment.
no way in hell i would buy and sell to make profit, that would be wrong. i like the land and want to retire on it plain and simple. its worth at least 125, so i guess im already gettin the family discount and should not try to get a better deal. my wife feels like we should get it cheap due to the fact she has done so much for her mom yet there are other siblings and even though she has been the best child it would just bring on jealousy if i try to bargain a even better deal. guess i should bang the gavel and take it as is and be a good husband which will make the mother in law happy as well.
Don't go for the lower deal. What if something happens in the future, money wise... she will say that she gave you lower price for the land you are still in need. Never let anyone do you favors, especially family. They will always bite you in the ass. Pay the 100k and go on with your life.
You never know what might happen.
You never know what might happen.
I would stay out of it all together and tell your wife it is up to her to deal with teh family and strike whatever deal her parents are willing to do. However, if she is already giving you a below market price, I wouldn't negotiate down off of that price. They are doing you a favor by giving you a below market price and you are basically saying "f you, I want a better deal."
thanks for the input guys. i keep going back to thinking that my wife is fortunate to be offered this deal, though none of the other kids showed much interest in it or have the resourses for it. yet still resentment could arise if i get it for a steal price, a bargain price yes thats ok. but no need to ask for any better. sold!
