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School Reports in Branson, Kimberling City and Shell Knob, Missouri

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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 was the world's highest viewing platform before the opening of the Empire State Building in 1939?
A	The Eiffel Tower, built between 1887-1889, was for 42 years the highest viewing platform in a man-made structure.
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The Z Team, REALTORŽ, real estate agent and broker for Branson, Kimberling City and Shell Knob, Missouri home listings, property and land for sale

Bill Zschoche
Coldwell Banker Home Team Realty
2277 Hwy 265
Branson, MO 65616
Cell 24 Hr.: 417-839-8093
Fax: 417-338-1051
billzschoche@BestImageAgent.com
billzschoche@yahoo.com
BillZ@BransonHomeTeamRealty.com
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