Buying home from sibling


A home was owned by my mother, later it was bought by my sister, and I would like to buy that home. I wanted to know if any bank will provide home loans to buy a home from my own sister. Please clarify


You can buy a home from anyone for a consideration, irrespective of whether they are relatives or non-relatives. If your sister is going to sell that house for a particular sum of money, you can get a Home Loan for the same. You just need the copy of documents for the house and you will have to draw up an agreement of sale with your sister. Based on this agreement, lenders will provide you the loan that you need.

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BB Expert