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Home Selling in Champions Gate : Real Estate Advice

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Activity 2
Thu Aug 18, 2016
Diane Whalen asked:
If the FMV of my home is $165K and my mtg balance is $70K and I sell to my daughter for $135K, can I gift her the 20% down pay of $27K? What would my proceeds then be with this scenario?
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Wed Jun 15, 2011
Michele Rigaud answered:
Hello Steve

I lived in Bella Trae as well and bought in 2008 when the price was still a bit high. We have a Mandalay and a condo. Reselling if you have a mortgage may not be the right thing to do now. A lot of owners have chosen to rent their unit out long term. You sonoma could rent for about 1200 per month. YOu will still have to pay the HOA and taxes and insurance on your own.

If you need more information about options for your unit , do not hesitate to call me or email anytime.


Michele Rigaud, Licensed Realtor
Keller Williams Realty
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