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Buyers Want Your Home for as Little as Possible.
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School Reports in Jacksonville, NAS Jacksonville and Jacksonville Beach, Florida
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Real Estate Tips
Tax Considerations >Not at ARMs Length

A sale of a house is just a sale, right? Not necessarily. If you are selling your house to your children or transferring title outside the open market, then the transaction may be characterized as "not at arm's length". Since such a transfer may have tax consequences, you should discuss it with a tax attorney or accountant before taking action.

The transfer of title to a son or daughter may cause the parents to lose favorable property tax treatment, require the payment of state gift taxes, or have other unexpected consequences. From a capital gains point of view, it may be more prudent for children to inherit property than to receive it as a gift. The disposition of any real estate should be considered within the entire framework of your tax and estate planning.

For answers to all your real estate questions, consult experienced professionals who are familiar with this area.

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Real Estate Trivia
Q 
What unique contribution did the town of Flushing, New York make to the American home?

A 
The flush toilet was invented in Flushing.
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Yvette Barton, REALTOR®, real estate agent and broker for Jacksonville, NAS Jacksonville and Jacksonville Beach, Florida home listings, property and land for sale - NUMBER1EXPERT

Yvette Barton
Vanguard Realty, Inc.

9700 Dear Lake Court Suite 2
Jacksonville, FL 32246
904-716-6044
Fax: 904-379-1633
yvette@yvettebarton.com

My number one goal is to make buying or selling your home a pleasurable experience! While I have the credentials and experience to back it up, the testimonies of my past clients say it all. Let me help you today!

REALTOR Equal Housing MLS


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