| | Re: What should we do about the Sister In Law?! (buying a house issues)
With the housing market the way it is now is a perfect time to buy, a not so good time to sell...
IMHO, I think your SIL needs to butt out, your finances are between you and your wife, she has no say in how or what you spend your money on. Especially money that was GIFTED to you at your wedding!!
As far as steps to purchasing a home, check for a "first time home buyers course" in your area, it is generally a six week course. My H and I took one, and they offered discounts on our downpayment, as well as got us pre approved for a home loan at a bank, so all we had to do was find the house we wanted, and make an offer.
Also, check with a real estate agent and see if you could put the condo on the market, and how much it may go for. Loads of people are looking into buying homes right now because of the low interest rate and the tax benefits! Obama has passed a tax relief bill if you purchase a new home you can recieve up to 1800 on your tax returns. and if you do any home remodeling that improves energy efficancy he is offering up to 1500 in returns on taxes. So yes now is a good time to buy if you can swing it!