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Can I choose to sell my home for less than it's worth?
I want to downsize and sell my home to one of my kids. I'm not looking to make a profit on my kid and would rather sell the house at a loss compared to its current value. I've owned the home for 45 years and it's gone up a lot in value. Can I choose the price to sell the home and sell is for way under the value of the home?
Asked By Mary | Portland, OR | 290 views | Buying | Created 1 year ago
Answer(2)
Amanda Courtney
REP Realty Group
Absolutely. As the homeowner, you can choose your selling price. Some sellers lower their price for a quick sale, to help family, or to avoid repairs. Just keep in mind that if you have a mortgage, your lender will still expect full payoff of the loan balance. Your agent can help you weigh your goals and the financial impact before setting your price.
- 2 weeks ago
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Madalina Tutuianu
Keller Williams - Atlantic Shore
yes 100%
- 1 year ago
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