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Selling house to family question

I plan on selling my place to a close family member. Let’s say I still owe $150k on a $250k place. She wants to transfer me $150k to pay off the house. I will then own the house outright and be able to more easily transfer the house to her (with lawyers) and mainly help her avoid high closing costs. She will also pay me the $100k difference.

Is this feasible? Are there tax ramifications I need to be aware of or anything else I need to be aware of?

submitted by /u/jermzkill
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source https://www.reddit.com/r/RealEstate/comments/16mk7xy/selling_house_to_family_question/
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