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Welcome > Sitemap > For Sellers ...
For Home Sellers:
Why Sellers Choose Linda & Ryan Lowe - Why home sellers in State College, Bellefonte and Centre County choose Linda & Ryan Lowe.
Free Presentation - Free in-home listings presentation on marketing your State College, Bellefonte and Centre County, in Centre County Pennsylvania property.
Property Valuation - How much is your State College, Bellefonte and Centre County home worth?
What Did That Home Sell For? - What did that State College, Bellefonte and Centre County, Pennsylvania property or other real estate sell for?
Why Use A Realtor? - Selling your State College, Bellefonte and Centre County real estate on your own?
Go to Main Sitemap - Main sitemap sections include Find State College, Bellefonte and Centre County Homes, For Home Buyers, For Home Sellers, State College, Bellefonte and Centre County Information, Real Estate Resources, and About Linda & Ryan Lowe.
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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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| Q |
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?
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| A |
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property. |
See More Real Estate Trivia > |
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