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Before signing a contract with any Realtor, make sure you know EXACTLY how your home will be marketed.
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We Intend To Tell All Our Friends About You
You really listened to what we wanted and made the effort to find it.
Mr. And Mrs. Jim H., Winnetka, IL
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Norma LoPresti and Christina
Ventrella are some of The Top Selling Real Estate Experts™
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Find Out About the Latest Glenview and Northbrook Area Homes for Sale Before Anyone Else!
I add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the Glenview and Northbrook, Illinois area MLS, and even later on the national listings web sites, if at all. By signing up to receive our latest listings, I'll send you an email notice instantly -- as soon as our latest homes for sale go online. You'll find out first, before other Glenview and Northbrook buyers. There is absolutely no obligation, and this service is free of charge. Don't miss out! Just fill out the form to get started...
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 |
Nearly every state has a mandate for seller disclosure. What must a seller disclose?
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| A |
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
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