Do you advise I speak with an attorney? The home is on the market for 250K but the buyer wants to borrow 300K with me granting a 50K concession. Before I agree I'd like to be 100% sure I will not have a tax obligation on the 50K concession. Not sure if 250K or 300K needs to be on the contract for buyer to get the 300K mortgage. I was told by my broker that I will not even see the 50K. I would only receive the 250K (minus broker fees, etc.). I wouldn't be receiving 300K and then writing a 50K-check back to the buyer. Again, I just want to be 100% about my tax obligation on the 50K given this scenario. Many thanks to all!
