We are fortunate enough that we are purchasing a house with cash in Arkansas. Our son, is going to pay us back, or rent to own. Part of the cash was actually his savings. But, we came across a great value,a year earlier than planned , newer home. So we pooled savings to complete the sale, skip extra fees and a mortgage. I’ve put a couple calls out to real estate lawyers, but haven’t gotten called back yet.
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We want this to be easier on filing our taxes next year. We have two houses already
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We want it to maintain its value. So not a gift or cheap sale.
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Would like to have it in his name so he sets up all his own utilities.
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Considered putting it in a trust, but for sure this is his house if we die.
Not sure if there are things, we’re not considering.
Looking for the best way to sell a house to our son that we are buying.
byu/thesoapypharmacist inRealEstate
Posted by thesoapypharmacist
1 Comment
You’re buying your son?!