While it is still a Seller’s Real Estate market, you may expect it difficult for your own child or relative to come up with a down payment and/or closing costs for their new home. These home buyer fees may run up a hefty chunk of change out-of-pocket pretty quickly. This is where a monetary gift along with the gift tax and lifetime gift tax exclusion come into play.
To find out more details about “Gifting Money to Homebuyers & What You Need to Know About the Gift Tax”, click here for this resourceful infographic…
When you are ready to make the move to beautiful Pinellas County, FL, call Babette, 727-430-9029, to assist you all the way through from home searching to buying to closing.
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Aiosa Realty Group, Inc.