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Matt Curtis

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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 256-990-7564.

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School Reports in Huntsville and Madison, Alabama
"A model of how the Internet can facilitate the process of deciding where to send your children to school"
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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 6,500 seat American theater was the location for the scene where the original 1933 King Kong breaks his chains onstage?

A 
The famous Shrine Auditorium in Los Angeles, built by the Shriners in 1906 to resemble an exotic Arabian mosque.
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Matt Curtis, REALTOR®, real estate agent and broker for Huntsville and Madison, Alabama home listings, property and land for sale - NUMBER1EXPERT™

Matt Curtis
Help-U-Buy (Woodland Homes)

7545 A Hwy 72 W
Madison, AL 35750
256-990-7564
MattCurtis@NUMBER1EXPERT.com


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