I sold my house in the bay area a year and half ago. Mine was bought by a young Indian family and funded by their parents who were both fancy doctors and 1+ million in liquid assets (asset proof was provided to me by the sellers as part of their initial offer).
I asked my realtor because I was very curious. Folks can also gift against a lifetime limit not just the yearly. There's just some extra forms the donor needs to file with the IRS but it is possible. The limit there is something like 5 million
I asked my realtor because I was very curious. Folks can also gift against a lifetime limit not just the yearly. There's just some extra forms the donor needs to file with the IRS but it is possible. The limit there is something like 5 million