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How to Sell a House to a Family Member: Tax Implications and Experts You Should Hire

> Real Estate News > How to Sell a House to a Family Member: Tax Implications and Experts You Should Hire

Selling a house to family

Date: 12/18/2017 | Source: http://www.realtor.com

Even when selling a home to a family member or friend, hiring a real estate agent is recommended. "Even seemingly simple and straightforward real estate transactions can get contentious, especially when the buyer is a family member. Sometimes hiring an agent to help you through the negotiation process can actually make things easier, and keep the family happier." You will most likely still need to know the value of the home and get some legal assistance from a lawyer. It will all be worth it to keep the cottage in the family! At Kawartha Waterfront Realty, we are always here to help!

How to Sell a House to a Family Member: Tax Implications and Experts You Should Hire

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 part of the home-selling process is already over. So now what? How do you actually sell a piece of real estate to a member of your family? To hire—or not hire—a real estate agent It can be tempting to bypass the regular process of hiring a real estate agent to broker the deal. And indeed, this is one of the very few home sale circumstances when it could be an acceptable plan, says Aaron Hendon, a Realtor® with Christine & Company in Seattle.

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