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Real estate
The hazard of buying a property that is owned by a relative
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[QUOTE="Alexandoy, post: 216939, member: 25510"] As I had posted in another thread I received an offer from my wife's uncle that his daughter is selling a property that is a vacation house. It is 1,600 square meters with a structure of 1 room with dining area and toilet and bath facilities. The trees are fruiting so it is like a small farm. I got very interested upon reading the message of my wife's uncle sent to my wife's sister. The selling price is 5 million pesos (around $100,000) but if we (as a relative) will buy then the price is only 4 million (that's $80,000 only). I was thinking that I may buy it so I asked my sister-in-law when we could go to there for an ocular inspection. That looked a good buy because the location is in the city although nearer the rural area there. This morning I was already planning about the trip when I received a message from my wife's sister. The property is not for sale anymore. The reason is obviously an alibi that the daughter does not need the money. But I believe that the selling price is the crux of the matter. That's how relatives deal with relatives. [/QUOTE]
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The hazard of buying a property that is owned by a relative
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