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Real Estate Tips
Titles >Yours In Deed

The way that you hold title to your property has legal, tax, and estate-planning consequences. Many buyers do not receive adequate professional advice on this important aspect of property ownership.

If you are purchasing property by yourself, you will be acquiring title by sole (or "separate") ownership, single ownership, or severalty ownership. The term "severalty" does not denote more than one person - it is a legal term meaning that sole ownership is severed from all other forms of ownership.

If you are purchasing property with others, the most common forms of co-ownership are tenancy in common, joint tenancy, and community property. Tenants in common can be created when two or more related or unrelated people hold title to a property either equally or unequally. Each individual has the right to do whatever he wishes with his interest in the property. For example, he can sell his interest, give it away, or will it to someone else.

Before you take title, you should seek advice from your tax advisor and an attorney, particularly if you are buying the property with another person.

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Real Estate Trivia
Q 
What group of settlers introduced the log cabin to the New World?

A 
The Swedish settlers of Delaware brought their own timber for building log cabins, a style that originated in Finland.
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The King Team, REALTOR®, real estate agent and broker for Atlanta, Duluth and Alpharetta,  home listings, property and land for sale - NUMBER1EXPERT

The King Team
Atlanta Communities

11330 Lakefield Drive, Bldg 2, #200
Johns Creek, GA.
30097
Phone: 770-446-5111
Toll Free: 866-294-5153
Fax: 770-238-0588
Email: kingteam@kingteam.com

Mary S. King and Douglas Ferguson have been in the Top 100 of over 15,000 agents in Atlanta, were named Agent of the Year for their office for eleven years, and the Top 25 in Georgia for Re/Max. Now with Atlanta Communities, their business has been based on honesty, integrity and a strong work ethic. They opt for customer service over shear numbers. Call or email them today!

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