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The Graham Team, REALTORŪ, real estate agents and broker for Kansas City, Liberty and Parkville Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
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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Real Estate Trivia
Q 
What was the greatest land grant ever given to an English subject?

A 
William Penn arrived in October, 1682, to take over his enormous grant that later became Pennsylvania and Delaware.
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The Graham Team, REALTORŪ, real estate agents and broker for Kansas City, Liberty and Parkville Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

The Graham Team
The Matt Graham and Associates

7605 NW Roanridge Rd.
Kansas City, MO 64151
Phone: 816-436-8899
Fax: 816-285-8001
Email: mattandbeckygraham@NUMBER1EXPERT.com

We're excited about the prospect of working for you! Our goal is to help you buy or sell your home for the best price, in the shortest period of time, with the least amount of inconvenience to you. Our job is to understand your needs and respond to them in a prompt and professional manner. We work together to get the job done, and every single member of The Graham Team is available to help you at any time. We've grown with our community, and we have an intimate knowledge of Kansas City's character, mood, and potential.

MLSREALTOR





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