Has any dealt with or done a “gift of equity” to buyout other party on a property. Any advice or considerations???

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I did it when my parents gave my brother one of our houses. I represented my brother here. And my parents, as it was all agreed to. You need an appraisal to see how much equity there is. Then you need to deal with any lenders—if the buyer is seeking financing. Also important are the tax implications.

Yes, I’ve helped with these scenarios. There are several potential paths that would be helpful to consider. Feel free to shoot me a direct message or email me at jlind@firstunitedbank.com

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