Denton, Frisco and Flower Mound Texas real estate listings, home buying, selling and relocation information

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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.

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Q	What amenity do 48% of all homes in the new housing market have?
A	48% of all newly-constructed homes now have 2 1/2 baths or more, up from 1985 when only 29% had more than 2 baths.
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Miogene Alexander, REALTORŽ, real estate agent and broker for Denton, Frisco and Flower Mound Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Miogene Alexander
Century 21 Judge Fite Company
1172 Bent Oaks Dr.
Denton, TX. 76210
940-390-2355
1-800-818-MOVE ext 241
Fax: 940-484-4526
Email: miogenealexander@NUMBER1EXPERT.com
Miogene Alexander ABR, VIP, CMRS, CMBR, GRI, VIP Miogene Alexander is a consistent Top Producer. For the past nine years she has earned recognition as "Centurion Producer", which is the highest award Century 21 presents to their agents! Ranked fifth in the five-state region by DFW Brokers Council, a strong work ethic, professionalism and knowledge of the Dallas/Fort Worth real estate market have been the keys to her successful career. "Customer satisfaction is of the utmost importance to me. I enjoy taking the worries off my clients shoulders and making the whole transaction as stress free as possible". My goal is to provide only "Top Knoch" service and make your real estate experience the best. To make your real estate wishes come true, call Miogene, "Your Real Estate Genie"!

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