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Looking to relocate elderly mother and she owns home in Jewett. We have a cash offer and need to have advise on what is involved and costs associated (approximately)
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Asset Protection and Medicaid Planning Attorney serving Cuyahoga Falls, OH
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I'm sorry to give you the lawyer answer, but it depends. There may be capital gains tax depending on when she got the property and if it was her primary residence. There are usually miscellaneous closing costs, although the buyer may be paying some of those. They include tax, appraisal fees, deed fees, recording fees etc. The company that will be preparing the documents should provide you with an estimate before everything is completed.
Answered on Jun 01st, 2021 at 12:31 PM