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Can I Sell My Home Using a Gift of Equity?

Real estate can be a tricky business. You put your home on the market, people make offers and there’s a lot of back-and-forth to make sure that everyone gets what they believe is the best deal. There are a lot of gray areas that make things more confusing, too. What if you’re selling your home to one of your own children or another relative and don’t want them to have to pay a bunch of fees and down payments? Maybe you don’t even want to profit off the sale at all… you just want them to be able to cover the remainder of the mortgage. Depending on the situation, using a gift of equity may be a better option to help make the sale happen.

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