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Deductions & credits
@Anonymous_ all agreed. All I was point out is that the financing could be a headache for the seller if it slows down the closing of the transaction.
Many borrowers do not understand that lenders use the lower of sales price or appraised value during underwriting. So "juicing up' the selling price may not have whatever the desired outcome is for the buyer / borrower.
that is why I stated COULD (in all caps) As you point out, we don't know.
It's not a tax issue, but it COULD BE a financing issue.
‎August 31, 2024
6:41 AM