calico1597
Recycles dryer sheets
We own a winter home in Arizona and recently put our Illinois home up for sale to move full time to AZ.
We've been presented with an acceptable offer but the buyers want to purchase the home at one price and give us about $50K separate for items that were included in the house listing. Their idea is to keep future real estate taxes from taking a big jump, we totally get that idea.
There will be two contracts drawn up separating the two sales, house/property and separate items. Is this a good idea? We don't care as long as it's legal and we get our $$.
We know of someone in AZ who bought their $350K home that way. The seller was a Canadian who was going to have to pay large taxes on a home sale of $300K or higher. He sold the home for $299K and they paid him separate the other $51K. Not the exact situation but similar.
We've been presented with an acceptable offer but the buyers want to purchase the home at one price and give us about $50K separate for items that were included in the house listing. Their idea is to keep future real estate taxes from taking a big jump, we totally get that idea.
There will be two contracts drawn up separating the two sales, house/property and separate items. Is this a good idea? We don't care as long as it's legal and we get our $$.
We know of someone in AZ who bought their $350K home that way. The seller was a Canadian who was going to have to pay large taxes on a home sale of $300K or higher. He sold the home for $299K and they paid him separate the other $51K. Not the exact situation but similar.