Hi team, first time visitor, first time poster. Can someone help me please?
TLDR: I want to buy Grandmas house from her. Publicly listed RV is 255K but the average price for the neighborhood is quite a bit higher - maybe mid 300's.
Property needs some planning work done and the neighborhood is pretty average, but long term it'd be a good investment once those issues cleared up.
I don't know if the RV is a recent rating, or if there is a property appraisal done on the place or anything, lets just stick with 255k.
My taxation / income circumstances will just make this more confusing than it needs to be, so omitting those the first question is - can I offer 255k for this house and and have grandma sell it to me? Does it fall under the scrutiny of some sort of gifting laws etc? Is buying property like this legal in NZ?
Thanks!
TLDR: I want to buy Grandmas house from her. Publicly listed RV is 255K but the average price for the neighborhood is quite a bit higher - maybe mid 300's.
Property needs some planning work done and the neighborhood is pretty average, but long term it'd be a good investment once those issues cleared up.
I don't know if the RV is a recent rating, or if there is a property appraisal done on the place or anything, lets just stick with 255k.
My taxation / income circumstances will just make this more confusing than it needs to be, so omitting those the first question is - can I offer 255k for this house and and have grandma sell it to me? Does it fall under the scrutiny of some sort of gifting laws etc? Is buying property like this legal in NZ?
Thanks!
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