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Donald Breckenridge?s Commitment To You
I am committed to informing and guiding my clients in making the BEST decisions when buying or selling real estate. I will give you my personal attention with special emphasis on your individual circumstances and customize my services to meet your needs. I consider it a privilege to share in this important ?move? in my client?s lives. My goal is to develop CLIENTS FOR LIFE, not just for one transaction! I look forward to serving you and your family or friends now and in the future. I care about the families I serve.
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Financing Your Home >Financial Help
Escalating home prices often cause many first-time buyers to seek help from their families for the down payment on a new home. If your parents are providing financial assistance for the purchase of a home, it is important that you have very clear agreements with them about the conditions under which their help will be provided.
Sit down with your parents to discuss the details of the arrangement. Is the money they are providing a gift or a loan? If it is a gift, be sure to check with your tax expert to minimize the tax implications. If your parents are loaning the money for the down payment, how will it be paid back? Will there be joint ownership with an equity-sharing agreement? Will your parents be named on the ownership papers with you? Are special documents needed?
Whatever form it takes, parents who help their children buy a home give them an incredible gift!
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What U.S. state is home to the world's richest woman?
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| A |
Alice Walton, daughter of WalMart's founder and heiress to $16.5 billion, lives on a ranch in the state of Texas. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
