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