Skip to main content

Can you choose who you sell your house to in Florida?

Hello,

I know the answer seems simple but my mom seemed very convinced.

So my mother wants to sell her very nice apartment in a city in FL to move to The Villages.

I love the apartment but I don't live in Florida and ultimately it is her life. She was letting me know and I asked her the usual are you sure, tell me about the new neighborhood questions, and I also requested "If you don't need the money, would it be possible to make sure it's sold to a family or people instead of a corporation?" And she told me that was illegal to choose who you sold your house to because of discrimination and you have to take the highest offer.

I think she probably just wants a cop out because she grew up poor so she sort of always chooses to take as much money as possible when she can, but she will still make 50-75k more than she bought this apartment for 8 years ago because of how much the market has grown in her area and the improvements she made.

I'm a big believer that when possible a person should make decisions that benefit as many individuals as possible so I want to make a case for selling to a literal person or even finding a good tenant for the apartment over selling to a corporation that will try and resell it or rent it out.

While it's ultimately my moms decision, and I'm not going to be pushy, I want to have one open conversation where I lay this out with her, unless she is correct, that she cannot know who buys her home.

Thanks for your help.

submitted by /u/ImpossibleAd2748
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/xnn31u/can_you_choose_who_you_sell_your_house_to_in/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more

Co-signing as non-primary resident - effect on size of required downpayment & first time home buyer status?

Contemplating co-signing on a house with my mom and splitting the mortgage payment. I currently have a significantly higher income and much better credit than her. I'm looking at potential home costs and related downpayments but have difficulty using some of the online estimators. From my perspective, this would be somewhat of an investment purchase (I intend to stay in my current location in a different state and contribute to the mortgage), however, for my mom, this would be a primary residence. For purposes of the downpayment size and the type of mortgage arrangement, would it be an investment property or a primary residence? Many thanks for any help. submitted by /u/piercalicious [link] [comments] source https://www.reddit.com/r/RealEstate/comments/km4hvl/cosigning_as_nonprimary_resident_effect_on_size/
Post a Comment
Read more