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Real Estate Resources:
eNewsletter - Stuart Sinclair Team'sBolton, Caledon and Brampton newsletter email will send you the latest real estate information. Ask Anything - Ask The Stuart Sinclair Team anything real estate. Real Estate Tips - Stuart Sinclair Team's realty library of real estate tips and advice on everything from preparing your home for sale to negotiating with home buyers to escrow, closing costs, property inspections, and mortgage brokers. Real Estate Trivia - Stuart Sinclair Team's collection of real estate trivia questions and answers that include real estate topics such as the most expensive home, largest swimming pool, and more. Real Estate Dictionary - Complete real estate dictionary and glossary of realty words you'll use when you list and sell your Bolton, Caledon and Brampton property in Ontario, including legal terms definitions, and more. Go to Main Sitemap - Main sitemap sections include Find Bolton, Caledon and Brampton Homes, For Home Buyers, For Home Sellers, Bolton, Caledon and Brampton Information, Real Estate Resources, and About The Stuart Sinclair Team.
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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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What is the only land in the world that has not been walked on by human feet?
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A small 200 square-mile section of Antarctica is the only terrain on Earth that not one person has stepped foot on.
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