Legal Question in Real Estate Law in Iowa

Someone wants to sell their house to their son. Do they have to have an appraisal done first, or is a negotiated price between the two okay?


Asked on 8/02/11, 9:44 am

1 Answer from Attorneys
Robert Luedeman solo practitioner

If it's a cash transaction an appraisal is not mandatory but if a third party is financing the property they probably would want an appraisal.

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Answered on 8/09/11, 11:21 am


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