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How to Sell a House to a Family Member | realtor.com – If you're wondering how to sell a house to a family member, first, a bit of congratulations are in order. You've found a buyer! The most strenuous.
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Relative Sell To House – Twostudsandahammer – Big House, Little House: Relative Size and Value – CiteSeerX – The paper examines how markets value relative house size in a neighbor-. the neighborhood and so are priced to sell for less; another, originally developed.
Your Guide to the Housing Market – If you’re looking to understand the relative value of your home. which means it is more likely to be accurate when determining what your house can reasonably sell for. [Read: The Homebuying.
Should You Buy a House from Family or Friends? There are a lot of potential benefits to buying a home from a friend or relative, but mixing home sales and family can be a sticky business. Here are a few other things to consider before purchasing a house from family or friends. Added Restrictions
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Also realize that if you sell the home to him at too far below the market value, the IRS might stick you with a gift tax. Even with today’s value slides, selling the place for 25 percent to 30 percent or more below its estimated market value to a family member might raise a red flag at the revenue office.
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FHA loan rules DO permit one family member to sell a home to another relative using an FHA insured mortgage loan-and if the borrower meets the criteria above, the 85% limit can be waived. Talk to your loan officer for more information on your specific needs to see which part of these rules may or may not apply in your situation.