Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Pili, a proven Port Angeles, Washington NUMBER1EXPERT™ Top Selling real estate agent. Find Port Angeles Homes - Find Port Angeles, Washington real estate listings & homes for sale provided by Pili, your local expert real estate agent. For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from Pili, a proven Port Angeles, Washington NUMBER1EXPERT™ Top Selling real estate agent. For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Pili, a proven Port Angeles, Washington NUMBER1EXPERT™ Top Selling real estate agent. Port Angeles Information - Find local information on Port Angeles, Washington including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Pili, a proven NUMBER1EXPERT™ Top Selling real estate agent. Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Pili, a proven Port Angeles, Washington NUMBER1EXPERT™ Top Selling real estate agent. About Pili - Information about Pili including testimonials, guarantees, credentials, and contact information. Learn why Pili is a proven Port Angeles, Washington NUMBER1EXPERT™ Top Selling real estate agent.
Please Sign Up For The Latest Listings and the Latest Real Estate News
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.
|
 |
| Q |
Whose mansion sold for about $2 million after just one day on the market?
|
| A |
Soon after the death of George Burns his home was put on the market; the home sold in 24 hours.
|
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
