Is AUTHOR wrong in the post ? POST : This is a little more complicated than just selling my home. For starters, my in-law's donated my wife and I some property. We didn't pay anything for it, it's legally ours(went through an attorney). We bought a double wide mobile home for $38,000. We used $12,000 of our money to move the home, set up, electrical, permits, etc. So, the only thing we got a loan for was $38,000.

We have lived there for about six years now and it was a starter home for us and we're ready to move. I got the home/land appraised for $140,000. My wife and I were planning on selling the home for $125,000, give my in-laws $30,000 for the land, pay off our existing loan and wife's car note so we would be debt free, and put the rest down on another home. I did some research on the land value and it was around $17,000.

Now, my father in-law said he would like to buy the home, but for the price we paid for it, which again is $38,000. My mother in-law said she would do $50,000 to include the money we spent to get the house moved, etc, but my father in-law is against that. He wants to buy it to use as a rental investment.

They are complaining that since they gave us the land, that we shouldn't sell it unless it's to them for what we paid for it. 