To complete a gift of equity, the home's seller must get an official appraisal. I'm buying a home from my mom, part of this will be a traditional mortgage and the rest will be a gift of equity from her.A gift of equity is the sale of a residence to a family member or someone with whom the seller has a close relationship. A gift of equity occurs when the home seller agrees on a price significantly lower than the home's appraised value. The agreement of sale is strictly who's on first what's on second who are the players and that's what we're going to identify here. Maintaining Your NACA Qualification. Congratulations on being NACA Qualified!