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From Jeff and Violet Hobbs with love
"It was our great pleasure to work with Larissa. We were extremely fortunate to have such a dedicated, caring, trustworthy professional take care of us, who consistently went above and beyond, negotiated tirelessly on our behalf, and always had our best interests in mind. Larissa was always extremely efficient, regularly kept us up-to-date, was always available for us even at late hours, patiently explained all aspects of the process, and always kept a cheerful, motivating outlook. Without question, we could not have gotten our house without her. We are proud to recommend Larissa as a quality individual and an exceptional agent!"
"Quality individual and exceptional agent!"
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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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| Q |
1992 marked the first year since before the Civil War that there were fewer than 2 million ________ in the United States?
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| A |
There are fewer than 2 million farms, and agricultural land is still being carved up for residential and commercial uses. |
 See More Real Estate Trivia > |
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