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 The way that you hold title to your property has legal, tax, and estate-planning consequences. Many buyers do not receive adequate professional advice on this important aspect of property ownership.
If you are purchasing property by yourself, you will be acquiring title by sole (or "separate") ownership, single ownership, or severalty ownership. The term "severalty" does not denote more than one person - it is a legal term meaning that sole ownership is severed from all other forms of ownership.
If you are purchasing property with others, the most common forms of co-ownership are tenancy in common, joint tenancy, and community property. Tenants in common can be created when two or more related or unrelated people hold title to a property either equally or unequally. Each individual has the right to do whatever he wishes with his interest in the property. For example, he can sell his interest, give it away, or will it to someone else.
Before you take title, you should seek advice from your tax advisor and an attorney, particularly if you are buying the property with another person.
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In what area of the United States did the price of existing homes increase most dramatically in 2005?
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| A |
Phoenix, Arizona real estate recorded a 55.2 percent increase in home prices during 2005. |
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The Christy Grear Team
HER Real Living
5725 Perimeter
Dublin, OH. 43017
Phone: 614-336-7510
Fax: 614-474-1424
Email: christygrear@NUMBER1EXPERT.com
This innovative web site will provide you with the most comprehensive information available in today's Real Estate Market. My name is Christy Grear and my team is dedicated to providing quality service. I have been selling real estate full time for over 6 years and my team has closed over 17.5 Million Dollars in Residential Sales. By virtue of being recognized as one of the top-ranked teams year after year, focusing on Dublin, Powell, Hilliard and Southeastern Delaware County, we feel we will be able to offer you, as our friends and clients, a more personalized, specialized service. Our job is to continually learn, grow and fine tune our strengths so our clients can benefit from our knowledge and expertise. Our dedicated customer service, creative flair, advanced technology and industry knowledge will provide you with the best real estate experience. Browse our website and call us directly at 614-366-7510."   
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