Home Buying in 29642>Question Details

Rockinronnyo, Home Buyer in 29642

Can you buy a house for a price and then, at the end of escrow, give the seller extra cash?

Asked by Rockinronnyo, 29642 Sun Aug 16, 2009

buyer gives the seller an additional amount of cash over and above the purchase price?

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Answers

2
You could actually give cash to whomever you wish for whatever reason, but you will be subject too a "gift tax" for amounts over 10K. What is it you are trying to accomplish? I mean, if a house is listed at 500K and you want to pay 500K, then give them another 10K, why?
0 votes Thank Flag Link Sun Aug 16, 2009
The answer is no. This is illegal. My question is why would you want to?
0 votes Thank Flag Link Sun Aug 16, 2009
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