Buying House from Parents
Hi,
I am trying to find information in regard to buying house from your family member. I am currently thinking of perhaps purchasing my parent's house. They are getting old and are planning to sell their home in the new future. My wife and I have some saving and plan on using HBP. Has anyone here purchased home from their parents before and if any of you know any good site to look up for such information? Does anyone know if there is a set price that your family must sell the house to you at? Can they sell it at a discount so we can save on tax and lower down payment?
I am trying to find information in regard to buying house from your family member. I am currently thinking of perhaps purchasing my parent's house. They are getting old and are planning to sell their home in the new future. My wife and I have some saving and plan on using HBP. Has anyone here purchased home from their parents before and if any of you know any good site to look up for such information? Does anyone know if there is a set price that your family must sell the house to you at? Can they sell it at a discount so we can save on tax and lower down payment?
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