Question about buying or selling a house or property... - PeachParts Mercedes-Benz Forum

KarTek · #6 08-17-2009, 10:25 AM

Quote:

Originally Posted by davestlouis

I would also imagine that there would be some sort of federal notification about such a large cash transaction...it you walk into your bank with $100K in 100 dollar bills, surely the bank has to tell somebody about that.

Yes, that's something I'm curious about too.

Now, here's another question:

Hypothetically, if I have a friend who's down on his luck and I want to sell him a piece of property at a discount for him to build a house on, am I under any obligation legally to sell that property to him at a "fair" market value or can I sell it at what ever price I choose?

What if that friend is a building contractor and I want to trade him the property for the equivalent value in construction services?

I'm just thinking out loud here.