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All agents are NOT alike! Find out why I am a top real estate expert in Chandler, Gilbert & Queen Creek AZ. Call me: 602-614-0416.
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Find Out About the Latest Gilbert, Queen Creek and Chandler Area Homes for Sale Before Anyone Else! 

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Real Estate Tips
Financing Your Home >Financial Help

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!

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Real Estate Trivia
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What are the world's most valuable chairs?

A 
A pair of Chippendale chairs designed by Robert Adam sold in 1997 at Christie's, London to an anonymous buyer for $2,762,330.
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Sheryl Robinson, REALTOR®, real estate agent and broker for Gilbert, Queen Creek and Chandler, Arizona home listings, property and land for sale - NUMBER1EXPERT

Sheryl Robinson
Home Key Realty

2200 E Williams Field Rd
Ste 200
Gilbert, AZ 85295
Direct: 602-614-0416
Fax: 480-248-2155
sheryl@HomeswithSheryl.com

Looking to buy or sell a home in Chandler, Gilbert or Queen Creek AZ? Look no further. Sheryl Robinson is an Associate Broker with Home Key Realty specializing in these three Phoenix East Valley cities and is also a short sale specialist. Contact Sheryl today for a FREE home location tool or FREE home price evaluation and to further discuss you real estate needs.

REALTOR Equal Housing


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