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For Home Sellers:
Why Sellers Choose Linda Lombardini - Why home sellers in Ann Arbor, Ypsilanti and Chelsea choose Linda Lombardini. Free Presentation - Free in-home listings presentation on marketing your Ann Arbor, Ypsilanti and Chelsea, in Washtenaw County Michigan property. Property Valuation - How much is your Ann Arbor, Ypsilanti and Chelsea home worth? What Did That Home Sell For? - What did that Ann Arbor, Ypsilanti and Chelsea, Michigan property or other real estate sell for? FSBO - Selling your Ann Arbor, Ypsilanti and Chelsea real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Ann Arbor, Ypsilanti and Chelsea Homes, For Home Buyers, For Home Sellers, Ann Arbor, Ypsilanti and Chelsea Information, Real Estate Resources, and About Linda Lombardini.
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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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Which islands are considered the largest islands in the US?
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The Hawaiian Islands with 10,456 square miles are followed by Kodiak Island in Alaska at 9,510 square miles. |
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Linda Lombardini
Trillium Real Estate
323 Braun Court
Ann Arbor, MI 48104
Office: 734-302-3011
Fax: 734-302-3099
Mobile: 734-216-6415
Text Me: 734-216-6415
Email: Linda@TrilliumRealtors.com
Call or text Linda at 734-216-6415.
Linda Lombardini, a Realtor® since 1991, focuses always on counseling her clients so they may make sound real estate decisions. She is known throughout the Ann Arbor market for the high level of integrity that she brings to her real estate practice. Linda will be serving as President of the Ann Arbor Area Board of Realtors® in 2012. She is also a member of the board's Professional Standards Committees and has served on numerous nonprofit boards and City of Ann Arbor task forces. Linda’s expertise is in helping people buy and sell residential real estate, including homes, condos, new construction and vacant land in Washtenaw County and surrounding areas, including Ann Arbor, Chelsea, Dexter, Grass Lake, Milan, Pinckney, Saline, Whitmore Lake and Ypsilanti.     
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