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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Thomas LeCain, a proven Alpharetta, Roswell and Atlanta, Georgia NUMBER1EXPERT™ Top Selling real estate agent.

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School Reports in Alpharetta, Roswell and Atlanta, Georgia
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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 little-known folk remedy is said to help keep bats away from your home?

A 
According to some rural homeowners, if you tar and feather a two-by-four board and place it in your yard, it will ward off bats!
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Thomas LeCain, REALTOR®, real estate agent and broker for Alpharetta, Roswell and Atlanta, Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

Thomas LeCain
Realty Executives Greater Atlanta

5530 Windward Pkwy, Bldg E, Suite 610
Alpharetta, GA. 30004
Phone: 770-587-5000
Fax: 770-360-9088
Email: Tom@HomesAtlanta.com


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