Rye, Rye Brook and Harrison real estate and homes for sale in New York, Westchester County - Miriam Dunn, REALTOR® Miriam Dunn REALTOR(r) for Rye, Rye Brook and Harrison, New York real estate - NUMBER1EXPERT™ Miriam Dunn NUMBER1EXPERT(tm) for Rye, Rye Brook and Harrison, New York real estate
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Miriam Dunn, REALTORŪ, real estate agent and broker for Rye, Rye Brook and Harrison New York home listings, property and land for sale - NUMBER1EXPERT(tm)
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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
Q 
What is an encumbrance against a property, which may be voluntary or involuntary?

A 
There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien.
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Miriam Dunn, REALTORŪ, real estate agent and broker for Rye, Rye Brook and Harrison New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Miriam Dunn
RE/MAX Prime Properties

800-974-1066
Miriam@MiriamDunn.com

I have been a Realtor in Westchester County for over 18 years. Westchester, with its easy commuting to New York City, is a most amazing place to live. There are so many amenities--from all the opportunities and conveniences to the wonderful and caring people. Prior to real estate, I was in the advertising and banking businesses. My experience in these fields, as well as extensive experience in the real estate business, has given me a great understanding of people and their varied personalities, terrific customer service knowledge, excellent negotiating skills, the foresight to manage my own business at RE/MAX Prime Properties, and the ability to market and help purchase the homes and property investments of many clients. Approximately 65% of my business comes from personal and professional referrals. I am truly honored by this and attribute all of my success to my clients, whom I consider the heart and foundation of my business. I am most grateful for their trust and confidence. As a full-time, professional Realtor, I take pride in my work, enjoy what I do, and am at my best helping clients in the sale and purchase of their homes. I look forward to assisting you, too, as your personal Realtor. Thank you.

Equal HousingMLSREALTOR


RE/MAX Prime Properties real estate and homes for sale in Rye, Rye Brook and Harrison New York

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