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I wanted initial opinion without these fact, but with the market being favorable to buyers the wife and I have been looking to buy a second home near us in which we would put my aging parents. They have a house now, but it is in an old and not so safe neighborhood. My mom provides daycare to our two youngest right now, and she will continue to do so for another 5 years. So with the above in mind, we could build a guess house on the property and my parents could live there without feeling like we're on top of each other. The wife is onboard with his idea.
The idea of spending our retirement years here is not out of the question. The idea of going to another state at retirement has been kicked around a bit and we've come to the conclusion that we probably wouldn't be happy somewhere else (out of this area that is). So basically, we are looking to make this our permanant home.
It's pretty close to my dream property to be honest. The maintenance on a large property doesn't phase me, and it currently does not need improvements. So it'll just be a lot of mowing.
The property is currently under contract, but I sense the people may be having problems getting the money together. All this may be for naught, but if I approach the sellers with an offer at current asking price it may be enough to make thing wiggle out of the current contract if they are having problems. Crappy of me?
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