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Real Estate, Family, and Market Value

Long story short, we have been renting a family members home for several years unofficially. Something has come up recently to where they need to sell. We can either buy this home or look at others. Honestly we're pretty comfortable here depending on what the appraisal comes in for. Was assessed/appraised today and we're waiting on those results.

My real question comes in because they stated they would work with us in price. But how much wiggle room is there when technically you need to sell for market value? Is it even possible to knock of money without getting hit with capital gain tax later? Would it even benefit us?

submitted by /u/huskyfluffy
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source https://www.reddit.com/r/RealEstate/comments/jlbxqt/real_estate_family_and_market_value/
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