How to sell my house to a family member | Pocket Pence – Selling a home to a family member can be a tricky process for both the seller and the buyer. Just because the purchaser is a relative, that does not mean you can sell the house at a discount.
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Selling a house to a relative for one dollar – Q&A – Avvo – Selling a "house" or "home" for a dollar is not an arm’s length transaction. This means the Fed and state governments will impute a fair market value and hit the seller with a.
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Buying a Home from a Family Member: Non-Arm’s Length. – Let’s say that Mary wants to buy a house, and her uncle Sam says he’ll sell his house to her for $200,000. In reality, though, the house is only worth $150,000.. Make sure the family member is current with their mortgage payments, because it could impact your mortgage approval if they’re not.
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