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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 908-456-3093.
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Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate!
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Laura Brockway
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For Home Sellers:
Why Sellers Choose Laura Brockway - Why home sellers in Westfield, Mountainside and Scotch Plains choose Laura Brockway. Free Presentation - Free in-home listings presentation on marketing your Westfield, Mountainside and Scotch Plains, in Union County New Jersey property. Property Valuation - How much is your Westfield, Mountainside and Scotch Plains home worth? What Did That Home Sell For? - What did that Westfield, Mountainside and Scotch Plains, New Jersey property or other real estate sell for? FSBO - Selling your Westfield, Mountainside and Scotch Plains real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Westfield, Mountainside and Scotch Plains Homes, For Home Buyers, For Home Sellers, Westfield, Mountainside and Scotch Plains Information, Real Estate Resources, and About Laura Brockway.
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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 |
What famous building receives a fresh coat of 300 tons of reddish-green paint every seven years?
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| A |
The Eiffel Tower in Paris, France. |
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