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"Thoroughly Competent and Trustworthy"
"These days it is hard to find someone who is thoroughly competent and trustworthy. You are that and more."
"Not only are we very grateful for your superb management of the real estate transaction, but more so, we appreciate the caring manner in which you deftly handled the personal matters that were connected to the sale of Ken's condominium."
"Some how, I doubt that you need to "toot your own horn", but just in case, we are here to sing your praises."
"Russ & Karen Kohl"
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 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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| Q |
Where is the world's oldest hotel?
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| A |
The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
