Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

mitch96

(14,742 posts)

3. How about going on Zillow or Realtor.com and see other comparable homes..Look and see

Reply to sfstaxprep (Reply #1)

Mon Dec 14, 2020, 07:49 PM

Dec 2020

which homes sold for the least amount. Thats what the appraiser will do. Check Comp's
I see some homes that sell for $10 with a quick claim deed and I would assume they are family to family sales... Also check with a real estate lawyer. YMMV
m

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

10 replies

= new reply since forum marked as read

Highlight:

Fair price sell house to daughter? [View all] 3Hotdogs Dec 2020 OP

Anything More Than 20% Below Appraisal Is Risky sfstaxprep Dec 2020 #1

How about going on Zillow or Realtor.com and see other comparable homes..Look and see mitch96 Dec 2020 #3

Zillow & Realtor.Com Are Famously Unreliable At Times sfstaxprep Dec 2020 #6

Unreliable, yes and they have a section where you can see "sold home" and get those prices. mitch96 Dec 2020 #7

sell it at the fair market price. it will go up in value for them over time nt msongs Dec 2020 #2

Don't Forget About The Annual Gift Allowance sfstaxprep Dec 2020 #4

Not enough info FBaggins Dec 2020 #5

Two of my spouse's siblings bought the family cabin for fair market value LakeArenal Dec 2020 #8

Daughter stays upstairs, rent out downstairs... turtleblossom Dec 2020 #9

You can decide what's fair Cicada Dec 2020 #10