Selling to (or buying from) someone you know, especially a family member, is often called a non-arm’s-length transaction.
If you have a relative who wants to buy your house, you may assume that means you can avoid real estate agents and the associated commission fees bbernard/Shutterstock
The majority of real estate deals are known as “arm’s-length transactions,” a term that reflects the distance between a buyer and seller who do not have any kind of existing relationship. However, there are scenarios where the two parties know each other—well.
