Heard during recent testimony by Treasury Secretary Henry Paulson to the House Financial Services Committee, regarding community banks’ role in the proposed bailout:
Paulson: “This is something we haven’t communicated so clearly about the program.” Frank: “There’s a lot of that going around.”
Selling your home to a family member can be beneficial but requires careful planning and transparent communication. Follow these five steps to ensure a smooth transaction, from agreeing on logistics and assembling a professional team to determining your home’s value and understanding tax implications.
