Home Selling in 02860>Question Details

M, Home Owner in 02860

why do some real estate transactions show as $1 in newspaper?

Asked by M, 02860 Wed Feb 22, 2012

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Sarah Goulart Nathe’s answer
Normally that means it was a sale within a family. Legally there has to be 'tender' for a home to change hands, so many will 'sell' their home to a family member for $1.
0 votes Thank Flag Link Wed Feb 22, 2012
Sale to a family member most likely for a dollar because there has to be a transaction amount.
Flag Sun May 10, 2015
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