Gwynedd, Springfield Township and Upper Dublin Township real estate and homes for sale in Pennsylvania, luxury homes, first-time buyers - The Ron and Carol Young Team, REALTORS® The Ron and Carol Young Team REALTORS(r) for Gwynedd, Springfield Township and Upper Dublin Township, Pennsylvania real estate, luxury homes, first-time buyers - NUMBER1EXPERTS™ The Ron and Carol Young Team NUMBER1EXPERTS(tm) for Gwynedd, Springfield Township and Upper Dublin Township, Pennsylvania real estate, luxury homes, first-time buyers
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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 document must lenders provide within three days of receiving your application for financing?

A 
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan.
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The Ron and Carol Young Team, REALTOR®, real estate agents and broker for Gwynedd, Springfield Township and Upper Dublin Township Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Ron and Carol Young
Keller Williams Real Estate

910 Harvest Drive
Suite 100
Blue Bell, Pa. 19422
Main: 215-646-2900 x 6088
Ron Cell: 267-408-2306
Carol Cell: 215-519-6304
Fax: 215-974-7111
Email: ronandcarolyoung@kw.com

Ron’s Associate Brokers License: AB065689 Carol’s Realtor License: RS135052A

ABR CRS Equal Housing GRI MLS REALTOR SRES


Keller Williams Real Estate real estate and homes for sale in Gwynedd, Springfield Township and Upper Dublin Township Pennsylvania ALHS - Accredited Luxury Home Specialist

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