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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 building has been named the 21st Century Townhouse project?

A 
4 townhouse in Bowie, MD made of giant foam/board panels, concrete/styrofoam block frames, steel, and aerated concrete.
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The Fisher Team, REALTOR®, real estate agent and broker for San Diego, North San Diego County California home listings, property and land for sale - NUMBER1EXPERT(tm)

The Fisher Team
RE/MAX Ranch & Beach

10413 Craftsman Way
San Diego, CA 92127
Pam's DRE License: 00661844
Bill's DRE License: 00785596
Tel: 858-748-9077
Fax: 619-342-4065
Email: FisherTeam@NUMBER1EXPERT.com

What sets the Fisher Team apart from the crowd is not only their numerous awards - and all the professional designations they have earned, but also the ability each of them has to listen. To be a good agent takes more than simply business skills and real estate experience, of which they have plenty. It takes personal dedication and a caring attitude, rarely found in today’s competitive business world. What matters most to the home buyer or seller throughout the transaction – that’s what is most important to Pam and Bill.

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