Albuquerque, Rio Rancho, East Mountains and Los Lunas real estate and homes for sale in New Mexico -
All agents are NOT alike! Find out why we are top real estate experts. Call us: 505-822-8864.
Find Out About the Latest Homes for Sale First! We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
Escalating home prices often cause many first-time buyers to seek help from their families for the down payment on a new home. If your parents are providing financial assistance for the purchase of a home, it is important that you have very clear agreements with them about the conditions under which their help will be provided.
Sit down with your parents to discuss the details of the arrangement. Is the money they are providing a gift or a loan? If it is a gift, be sure to check with your tax expert to minimize the tax implications. If your parents are loaning the money for the down payment, how will it be paid back? Will there be joint ownership with an equity-sharing agreement? Will your parents be named on the ownership papers with you? Are special documents needed?
Whatever form it takes, parents who help their children buy a home give them an incredible gift!
Broadcast Realty is a locally owned real estate company. We use every possible marketing tool to either SELL a Client`s home or to aid a BUYER in getting the RIGHT home at the RIGHT price. Please contact us by email and/or phone at ANY TIME. Thank You...and WE HOPE TO HEAR FROM YOU SOON!
is brought to you by Broadcast Realty, real estate for
Albuquerque, Rio Rancho, East Mountains and Los Lunas, New Mexico