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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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Get Free Presentation On My Home Marketing. Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
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"A terrific person to work with" "Sheryl, we really appreciated all of your time and attention" Souzanne Steelman, Gilbert AZ Read Quote > View All Quotes >
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Your Home Loan. AmeriFirst Financial, Tara Bianco. Receive a Free Appraisal at closing when you mention that you were referred by Homes with Sheryl. Find Out More > View All Affiliates >
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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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| Q |
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?
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| A |
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean. |
See More Real Estate Trivia > |
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Sheryl Robinson Home Key Realty 18711 E Pine Valley Drive Queen Creek, AZ 85142 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. 
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