FAMILY TRANSACTIONS
By Marilyn Lacy ~ Broker ~ RE/MAX Mountain Vista Properties
3.17.05

Family home ownership can have many faces. Perhaps it’s parents helping an adult child buy a home. Or maybe it’s children joining to buy a home for their aging parents. Whatever the individual situation, be advised that all options and potential conflicts should be resolved BEFORE an agreement is legally entered into Ask a real estate professional to explain the various options. These options include a partnership, equity sharing and a corporation. Each has its advantages, obligations and potential for family disruption. Once an acceptable option is reached, each party should consult a tax professional. Everyone should carefully read and then sign a binding, written contract. The decision to buy or sell land can be complicated. Let Marilyn Lacy of RE/MAX, help you sort out the involved details. Call her at 719- 395-9063 or stop by the office at 108 East Main, Buena Vista.