Should I sell a house for a family member?
Hello,
I just got my real estate license two weeks ago, and my mother is interested in selling her house in the near future. What should I be aware of if I am selling a house for a family member? I plan on giving her all my commissions, and my broker is giving her his commission as well. A couple of things to note however are that I have never sold or bought a house before, and my broker has never sold a house before. Although he has bought a few for other people. I doubt I will have any difficulties selling the house due to the condition, area, and the current market, I am mostly concerned with any chance of legal risk, or somehow damaging our relationship by messing something up terribly. Even if I somehow sold the house for 50k less than what an experienced agent could sell it for, I would still be saving her money with the commissions. If anyone has any experience with this or any thoughts in general I'd appreciate your input. Thank you!
Best,
Kyle