Selling To A Friend Or Family Member

An architect showing the floor plan with the whole family

Selling your home to a friend or family member might sound easy. Not having to put your home on the market. Not having to find a qualified buyer. But if you choose to go this direction there are a number of things you should take into consideration. Get professional help. Both sides should be represented when it comes to drafting and reviewing all necessary documents.

Read Also: Improving Your Home’s Value

Pricing, when it comes to pricing how certain are you that you’ll be getting the best market price for your home. Keep in mind, there can be tax implications when selling a home. This is especially true when a home is sold to a family member below market value.

Try to avoid seller financing or the buyer assuming your mortgage unless you are released from future liability and obviously all agreements should always be in writing. Even a simple home sale can be a complicated transaction. Keep in mind that a relator can guide you through the process and help you avoid potential risks.

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One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:

Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*

To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!

*Agardi Team and the seller have to agree on the price and the closing date.

Call Us @ 718-755-2882
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