I just wrote a long message and lost it so will keep this short:
*My brother and family want to move to our town and have a girl & a boy, 4 years younger than ours (so mine 7&4, theirs 3 & 1 month old, awww). Ideally this would be accomplished by January which is the registration date for the local primary (my son and my niece both start school next year). They LOVE our house and it's really near the station which they both would need for commute.
- We live very happily in our 3 bed semi with our girl & boy but have been thinking of moving recently and nosying around a bit.
*there's a great house behind us for sale, fixed price (this is Scotland), stamp duty paid, within our budget, good layout. We'd be happy there too and would stay there a great many years.
Is it crazy to consider us bridging, buying the one behind, them moving in here and putting theirs on market, paying us what they can when they sell? They would then give us what they could afford towards our interest, and my parents would probably help too (they also live locally and have already offered to let my bro have THEIR house and they would get a small rental for a bit, so there is money available)
The catch is that my brother's budget is probably around 10-20K short of what we COULD get for this place. But I wonder if the lack of stress, marketing fees and the warm glow of helping family is worth it. Plus my kids growing up with their cousins! Reciprocal babysitting!
The figures are tight but manageable. The alternative seems crazy, them move here, probably in not such a great home and then us move in a year or so...plus I am sure that OVERALL money would be saved.
Throw all the negatives at me please.
or tell me that it's great idea and all worth it.