Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: October 2007

If You Buy My House, You Get Full Refund When I Die!

Yes, you read the title right.  I just saw this story and I thought it was very unusual and unique.  This couple in Pittsburgh have been trying to sell their  home for a year, and the market is not that great in that area, so they had to come up with something that no one else was offering...

They are asking $399,900 for the house and since they have no heirs to leave anything to, the people who agree to buy the house can have the entire purchase price refunded back to them upon their death.

WAIT, it gets better!!!  If the new owners agree to take care of the couple in their old age, they could also get the vacation home in Arizona AND an estate worth over $2.5M!!!  Is that a deal or what?!

The problem is, how old are these people?  The article doesn't say.  What if they live another 20+ years.  Will the people who buy the house now still own it when they die?

Here's the story I read.

Comment balloon 48 commentsDonna Harris • October 30 2007 12:39PM
If You Buy My House, You Get Full Refund When I Die!
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