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Updated over 1 year ago on . Most recent reply

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Tabitha Price
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Family Financing Home Purchase in Cash

Tabitha Price
Posted

I have a question around cash purchases. I'm in a very fortunate position to have a family member willing to front the cash for an all cash offer on a home for me. Ultimately, we want the name on title to be me and I'll be paying them back through a separate arrangement. Transaction wise, is it possible for them to give me the cash and I buy the home outright? Or would they need to purchase the home and gift the property to me? 

Thank you for any guidance or experience you can provide. 

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