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Tag: gift-of-equity

Golden apple representing gift of equity, parents and children sharing a bond

Gift of Equity: Understanding the Pros, Cons, and Implications for Sellers and Buyers

November 9, 2024 FinanceFacts101 Real Estate

Introduction to Gift of Equity A gift of equity refers to selling a property below its current market value to a loved one, allowing them to use the difference between the sale price and the property value as part or all of their down payment. This practice is commonly used

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