Is Selling Your Home To Someone You Know A Good Idea?

You’ve decided to sell your home and a friend or family member has expressed an interest in buying it. Even though it seems like a much simpler way to sell your house — remember that easier isn’t always better.

There are plenty of advantages to both parties when someone you know buys your home.

But it would be a mistake to ignore the drawbacks — including damage that can be done to relationships if things don’t go smoothly.

Before you agree to sell your home to family or friends, make sure you understand the pros and cons of this type of arrangement.

Read on to see why it’s important to treat this transaction the same way you would if you were selling to your home to a stranger.

Benefits of Selling Your House To Family or Friends

One of the best things about selling to someone you know is that they’ll likely have a special appreciation for the time, energy, and money you’ve put into taking care of and improving your home.

There’s also a good chance you’ll get to visit your old home on occasion!

You and your family member or friend may also enjoy some of the following benefits from this type of home sale arrangement: