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Buying and selling a home is probably one of the biggest events of your life. As a real estate expert who has been recognized as a top selling agent with many satisfied clients, I am commited to providing you hassle free, up to date accurate real estate information and listings of current homes for sale in Rancho Palos Verdes Rolling Hills, Palos Verdes Estates, Rolling Hills Estates, Torrance and Redondo Beach. I want you to know about the valuable and exciting resources available right in the Palos Verdes Peninsula and South Bay areas. Besides the wonderful climate we experience all year the great communities of this area are built on years of history that provide us with a very vibrant lifestyle. Our schools rank top in the nation, we have numerous activities and lots of fun. The services I have to offer right on this site are free and your privacy is guaranteed and respected. You are also connected to a real estate expert who is commited and will work for you. My goal is to provide you One Stop Superior Service . Questions about selling your home? Moving? Taxes connected to the sale of your home? I will get the answers for you and for any other questions you may have. My periodic newsletters will give you much of the information you need. Not only am I a One Stop Service but I am an e-mail or a phone call away. Give me a call. All the best! LARISSA
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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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What economic factor can make the purchase of a home an excellent long-term investment?
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Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time. |
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