Illinois  |  Real Estate Law

Legal Question

Asked on: 5/16/13, 7:25 pm

I'm not sure I asked this question correctly, so I'm going to give it one more shot. I appreciate the responses I already got.

I'm buying a condo for 410K and the seller wants 25k of that amount to be a bill of goods sale for the appliances (stove, fridge, washer/dryer). The market value of the apartment is +/- 410K but the market value of the appliances is far less than 25k.

1. Is this a normal transaction?

2. Would a lesser amout, lets say 10k instead of 25k make it less risky?

3. Would you advise against this?

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