When to sell the "other" home?

iVillage Member
Registered: 09-06-2007
When to sell the "other" home?
11
Mon, 04-04-2011 - 11:56am

This is a descision I will very likely have to make in the near future. I am 34, boyfriend is 32.

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Community Leader
Registered: 08-25-2006
Mon, 04-04-2011 - 1:04pm

I don't think you said, but does your BF own his house?

Serenity
iVillage Member
Registered: 09-06-2007
Mon, 04-04-2011 - 1:17pm

Thanks for the post Serenity!

Yes, boyfriend does own his house.

iVillage Member
Registered: 09-06-2007
Mon, 04-04-2011 - 2:00pm
We talked about how finances and stuff would be for this year+ when we are engaged but not married versus being married. We even discussed drawing up a document about how stuff will be paid, by whom, who takes what if we split. I guess we could add something about if he should die if I'm at his house. Would getting this supposed list notarized make it legal?
Community Leader
Registered: 08-25-2006
Mon, 04-04-2011 - 6:08pm
Hmmm....I am unsure of the legality of all that kind of stuff. You would have to talk to someone.

One thing me and SO have talked about, but have not done yet, is a will. Of course, that only applies if one of us dies, not if we breakup.

Not sure since a house is titled and a mortage is in his name, what could be legally enforced in the event of a breakup. I think things like that would go by whom ever signed the contract and/or who the property is titled to. KWIM?

What ever you do, make sure and look what the worst case scenerio might be. If you can live with that, then go ahead. If not, then make changes.

Just general advice, not just about living together, etc.
Serenity
iVillage Member
Registered: 09-15-2005
Tue, 04-05-2011 - 12:38pm

Here are my thoughts. Obviously it sounds like a better deal to sell. However, there are 2 things here that I think you need to think about with and w/o DBF.

Firstly, what are the long term plans? In all honesty, if you BOTH feel living on your property would be better (are you planning on having kids), then live there, or tear the house down and rebuild. Yes it's a pain, but in the end, everything would be better (let's assumg you can afford it). You could live in a mobile home on your land while they rebuild. A pain in the butt, but doable.

iVillage Member
Registered: 06-03-2008
Wed, 04-06-2011 - 11:23am

What you are referring to is a prenuptial agreement.




iVillage Member
Registered: 09-06-2007
Wed, 04-06-2011 - 12:51pm

To all - just to reiterate in case my original post was not clear, nothing will happen until after he proposes. We are both clear on this.

Long term plans? We have talked about this nothing was planned.

iVillage Member
Registered: 06-03-2008
Wed, 04-06-2011 - 1:41pm

Ok, so you're looking into something before the marriage.




iVillage Member
Registered: 09-06-2007
Wed, 04-06-2011 - 1:57pm

"As far as being added to the house title, why would you guys do that?

iVillage Member
Registered: 03-23-2011
Wed, 04-06-2011 - 4:57pm

You might want to look into a cohabitation agreement and/or a palimony agreement, which are documents for people who are living together but are not married.

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