Questions tagged [house]

IncheonBlues Fri Mar 29 2024 | 7 answers 1030

I heard a rumor that someone in our town sold their house for bitcoin. Can you believe it? I mean, who would take such a risk? Bitcoin is so volatile, one minute it's worth a fortune, the next it could be worth nothing. It seems like a crazy move to me. But then I started thinking, maybe there's someone out there who's that confident in the crypto market. Or maybe they just needed the money fast and didn't care about the risks. Either way, I'm curious to know who it was and why they made that decision. Do you have any idea who it might be?

KimonoSerenity Fri Mar 29 2024 | 7 answers 1586

Good day, I have a question regarding property ownership and transactions within the family. Is it possible for me, as the owner of a house, to sell 50% of its ownership to my son? I understand that real estate transactions usually involve the transfer of full ownership, but I'm interested in knowing if a partial sale is legally permissible and how it might affect our respective rights and responsibilities. Would this involve any special legal documentation or processes? I appreciate your time and expertise in this matter.

BusanBeautyBlooming Fri Mar 29 2024 | 7 answers 1833

I have a house in Canada, and I'm considering selling it to my son for just one dollar. Is this legal? I understand that the market value of the house is much higher than this, but I'm doing it for sentimental reasons. Will there be any tax implications or legal issues if we proceed with this transaction? Also, should we have a lawyer draw up a contract for this? I appreciate your help in clarifying this matter for me.

lucas_jackson_pilot Fri Mar 29 2024 | 6 answers 1284

Hello, I am considering selling my house to my daughter for the symbolic price of $1,000. I am aware that this is far below its market value, but I am willing to do this as a gesture of love and support. My daughter is currently renting a small apartment and I believe that owning her own home would provide her with stability and security. However, I am also concerned about the potential tax implications and legalities surrounding this transaction. I want to ensure that the transaction is legal and that both parties are protected. Additionally, I am wondering if there are any other factors that I should consider before making this decision. Could you please provide me with some advice on how to proceed with this transaction? Thank you for your time and assistance.