Selling your home to a family member opens up a whole can of worms that doesn’t apply to a traditional exchange of real estate between strangers. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that not only are you risking your family relationships by creating a financial arrangement with a loved one, but you’ll be attracting the attention of the IRS who’ll scrutinize the sale for potential tax evasion. When you’re selling to someone that you know, love, and trust, it can be tempting to handle the whole home sale arrangement without any professional assistance. However, that can be a mistake: third-party experts can provide a buffer between you and your relative to prevent the appearance of impropriety when the IRS examines the transaction, and more. Check out below to see what sold in Jamestowne Green in August 2020:
44692 Mansfield Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,040 sq. feet, 2 car garage, Sold Price: $324,000
Jamestowne Green Home Sold
August 2020
44628 Mansfield Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,040 sq. feet, 2 car garage, Sold Price: $364,000
Jamestowne Green Home Sold
August 2020
If you’re selling to a relative, you need to work with an attorney and an experienced real estate agent who can help you determine the appropriate sale price for the home based on its fair market value. And secondly, they can help protect your relationship with the relative you’re selling to. For more information on Jamestowne Green, or similar Northville or Novi neighborhoods such as Whispering Meadows, Northville Estates and Abbey Knoll, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.