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Real Estate
Reply to "When you see a $1M house that sold for $100k, why do people do that? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There are rules for selling to family members and such. What you’re describing is probably a mistake, like maybe something quirky happened financially and Redfin or Zillow recorded it as a sale. If you post a link we can look up the property record. [/quote] The only “rules” about selling a house relate to the tax implications of the sale which apply to any scenario. You cannot try to avoid the taxes by grossly selling below value. There are no rules just for family sales. [/quote] Right but I think that rule means it gets marked as non-arms-length or whatever. [/quote]
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