Can You Sell Your House for a Dollar?
AuthorAmanda Dodge. Date:
Can you sell your home for a dollar? The simple answer is yes. You can sell your home for any listing price that you think is fair. Most homeowners want to get as much money as they can for their home values. However, there are specific cases when homeowners will transfer their properties for only a dollar. This most notably occurs when parents are selling properties to their kids or one partner is exchanging ownership to another. There are some technicalities of a one-dollar home sale that you need to be aware of. In this article, we’ll share about your options, tax implications, and the buying process of selling your home for such a low price. Benefits of Selling a House for a Dollar If an aging parent is entering an assisted living facility, they need to move out of the family home. Instead of keeping the property in their name, … Continued
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