Seeking some advice about home ownership/real estate situation. So, here’s the skinny: my fiance has a house in Suburbia that we currently live in f/t. (My sister lives in my TH in the city). My mom wants to sell her house and gallivant around the world. I would like for us to buy her house; it’s in another area of Suburbia, has more value than ours, and she owns it outright. I want the SO to sell his house and we could move into my mom’s. Problem is he doesn’t want to buy my mom’s house, he wants to get something ‘new’ when we move. My thinking is that in our current financial situation this is a great move because my mom owns outright, no banks involved, neighborhood is better, better schools, etc. Her house is valued maybe around $30k more than ours.) We could give her a large portion of the sale from his house and negotiate something monthly privately with her while getting away from a bank mortgage. THEN as our situation improves (financially) we could go to the banks again (ugh!) and then we’d still have this house where we could either rent (preferable) or sell. I just want to frame it in a way that really makes the most valuable sense instead of just, I want to keep our home in the family type of thing. Does this make sense? I mean, I viscerally feel like this is a great opportunity but I’m not sure how to articulate it in a way to convey that strongly. UNLESS I’m seeing the whole situation wrong!
Any feedback is appreciated!! Thank you in advance for your thoughts