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Welcome > Sitemap > For Sellers ...
For Home Sellers:
Why Sellers Choose Beth Dorman - Why home sellers in Rehoboth Beach, Lewes and Milton choose Beth Dorman. Free Presentation - Free in-home listings presentation on marketing your Rehoboth Beach, Lewes and Milton, in Sussex County Delaware property. Property Valuation - How much is your Rehoboth Beach, Lewes and Milton home worth? What Did That Home Sell For? - What did that Rehoboth Beach, Lewes and Milton, Delaware property or other real estate sell for? FSBO - Selling your Rehoboth Beach, Lewes and Milton real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Rehoboth Beach, Lewes and Milton Homes, For Home Buyers, For Home Sellers, Rehoboth Beach, Lewes and Milton Information, Real Estate Resources, and About Beth Dorman.
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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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