Can there be two buyers on the same property?

Legally and ethically, it is possible for a real estate agent to represent two or more competing buyers on the same property. The real estate agent would have to disclose to all parties that there is a multiple representation situation. If you accept the disclosure, then you can proceed.

Can an agent lie about multiple offers?

In short, a realtor might lie about having multiple offers. They can exaggerate the level of interest they have in a property to drive the price up. The goal is to close the deal as quickly as possible.

Can you sell a house that is in a trust?

A full title guarantee can be given if the seller has given the right to sell the property, and this is the typical way in which a property is sold. For the most part selling a home that is in a trust isn’t too dissimilar from selling a property normally, here is an idea of the steps:

What are the advantages and disadvantages of putting your house in a trust?

The advantages of placing your house in a trust include avoiding probate court, saving on estate taxes and possibly protecting your home from certain creditors. Disadvantages include the cost of creating the trust and the paperwork.

What are the tax implications of selling a trust?

Depending on the type of trust and other assets held in the trust, you might ask your tax adviser if there is a provision in the tax code that could aid you in the sale, if you have other gains from the sale of other trust assets. Ilyce Glink is the author of “100 Questions Every First-Time Home Buyer Should Ask” (4th Edition).

How does a trust for investment property work?

That’s not typically how investment property works. In a more typical arrangement, the trust would own the entire property, your stepmother would have had to rent the property from the trust, and there would need to be documentation backing up the arrangement, at the least.