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Buying Parents House [ 95% SAFE ]

Your parents can "gift" you part of the home's value to help with your down payment, which is a common perk when buying from family [19].

Selling a home for a very low price (like $1) can trigger "gift tax" rules and other financial complications [18, 30]. buying parents house

If you're looking for a way to text your parents about buying their house, here are a few options depending on your relationship and how serious you are. The Casual Inquiry Your parents can "gift" you part of the

"Hey! Just curious, have you and Mom/Dad ever thought about selling the house? I’ve been looking at homes lately and honestly, I love yours. If you’re ever ready to move, let me know first!" The Serious Discussion buying parents house

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