Selling a house is rarely an easy process. That’s why the option of selling your house to a family member can be particularly appealing. Not only will you sell it quickly, but you’re selling to someone you care for who will appreciate your home.

However, there are risks involved. If you don’t do things the right way, you could end up damaging your relationship. Be sure to keep the following three tips in mind when selling a house to a family member:

  1. Establish the logistics: Sit down with your family member and determine the logistics of the sale, such as what professionals will help (including agents and lawyers), what the timetable of the sale should be, and more. Doing so will help avoid confusion and miscommunication.
  2. Get an appraisal: Whether your family member is planning to take out a mortgage or not, be sure to have a professional appraisal of your home before you strike any agreements. The last thing you want is to learn you’ve priced the home too high or too low. If the value of the house doesn’t match the agreed-upon price, there could be problems between you and your family member.
  3. Work with a real estate agent: You might be tempted to work without an agent since you’ll be dealing with someone you know. However, it’s a good idea to have an agent as an intermediary when it comes to the home buying and selling process. An agent can help with negotiations so you don’t strain your relationship.

Selling your house to a family member can be beneficial to all involved. Be sure to use these tips to avoid potentially straining your relationship. 

For more home selling advice, contact us at Randy Lindsay today.

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Randy has enjoyed over 31 wonderful years in the Real Estate industry making dreams come true for homeowners.

Superior customer service is #1 to Randy and he provides this to all of his clients using knowledge, professionalism, integrity and persistence.

Randy is a successful and experienced real estate agent who expertly represents both buyers and sellers. Scores of Charlotte area residents have trusted Randy in the process of listing their homes to sell.

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Real Estate in Rock Hill,

Fort Mill and surrounding

York county

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"Randy was very easy to work with. He was open and honest, and always there to answer any questions or concerns we had. He was available and worked ... more "
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by Diana Holliday
1422016
"My wife and I worked with Randy to sell our home located in the Lake Wylie area. Great job of preparing the information and advertising for the ... more "
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by Bruce Dycus
1421990
"Randy actually helped us sell our old house and buy our new house. He was honest and hardworking and sold our home in a week. We were pleased with ... more "
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