Asked by Anonymous
For transfer of home loan to sibling or if selling a home to sibling:
1. Does selling price have to be market price? What’s the pros and cons of selling at market price OR lower OR higher?
2. Is 10% of property price needed for downpayment? I’m looking at how long it’ll take for sibling to save up 10% down payment + other misc / legal fees that’ll add on.
1. Does selling price have to be market price? What’s the pros and cons of selling at market price OR lower OR higher?
2. Is 10% of property price needed for downpayment? I’m looking at how long it’ll take for sibling to save up 10% down payment + other misc / legal fees that’ll add on.
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