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. To complete a gift of equity, the home's seller must get an official appraisal.There are many terms that need to be negotiated first so you need the guidance of a lawyer to negotiate and draft the Buy Out Agreement. An equity transfer agreement is a contract between two parties, one of whom transfers their ownership rights in a business to the other. Edit, sign, and share gift of equity purchase contract pdf online. No need to install software, just go to DocHub, and sign up instantly and for free. A gift of equity is the sale of a residence to a family member or someone with whom the seller has a close relationship.