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Real Estate Tips
Titles >Yours In Deed

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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Real Estate Trivia
Q 
What is the world's longest frontier?

A 
At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world.
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Jan Bradshaw, REALTOR®, real estate agent and broker for Greenwood and Lake Greenwood, South Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Jan Bradshaw
Prudential Cambridge Realty

1717 Bypass 72 NE
Greenwood, SC 29649
Jan Bradshaw: 864-341-7774
JanBradshaw@Number1Expert.com
Jan@JanBradshaw.com

As a top Greenwood REALTOR, I have the experience and track record you are looking for. Now more than ever you need a knowledgeable, experienced, service oriented REALTOR who listens. You need a Realtor who knows today's ever changing market and today's ever changing marketing techniques. Rest assured, I will be with you every step of the way from beginning the search all the way through until long after the closing. Whether it takes 1 week or 1 year you can count on the fact that I'llbe there. Your wants and needs are important to me and you will never be handed off to someone else to finalize the transaction. I look forward to assisting you with your future real estate needs.

REALTOR GRI MLS Equal Housing


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