[disneysteve]

Originally Posted by ScrimpAndSave

I will have $48,000 PLUS $40,000 saved

my dad is going to either cut the price about $18,000

So it looks like we are going to put about $50,000 down (gift from my father) and then have $40,000 in the EF (what we have saved now).

Just so I'm clear, your father will give you and your husband a total gift of $48,000. To keep things fair, he will do the same to each of your 3 siblings. You will then turn around and give him back that money as your down payment. Plus, he will discount the purchase price by $18,000. So all together, his gift to you will really be $66,000. If he gives each of your siblings and their spouses $48,000, you are still getting $18,000 more than them in the form of the discounted purchase price.

I hate to be pessimistic, but I prefer to think of it as realistic. I have seen way too many families torn apart by battles over money after the parents died. I would be very concerned that this deal is going to come back to bite you when your father ultimately passes. Somebody is going to say, "We should get a bigger share of the pot because you got more than us when he sold the house to you." Everybody may deny thinking that today, but when the money is actually on the table to be divided, people change. I've seen it happen many, many times.

I'd suggest working the deal so that each sibling gets an exactly equal amount. You shouldn't get $18,000 more than your other siblings.