I own a house, my son lives in, I rent nearer to my job. I want to sell him my house, his credit is fair. I have owned the house since 1985, refianced in 1995. Pay off is about 40,000.00. I want to get as much as possible for the house without putting them in a bind. 'The house needs some work, maybe about 8000.00. for a new ac and flooring and outside boards. Should I fix it up first to get a higher appraisal, sell it cheaper and let him get full loan and fix it himself? What should I do? I want to buy closer to work and need the equity and to get this out of my name.
2006-10-26 04:59:42 · 3 answers · asked by JILL B 1 in Business & Finance ➔ Taxes ➔ United States
keep it on the market as long as you can
2006-10-26 05:01:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Why don't you discuss it with your son and the both of you do that which is agreed upon.
2006-10-26 12:11:27 · answer #2 · answered by acmeraven 7 · 1⤊ 0⤋
I would sell it cheaper and have him fix it up if he is willing :) less of a hassle on you
2006-10-26 12:03:55 · answer #3 · answered by TBird 3 · 1⤊ 0⤋