Ken Koenen,
LLM-Taxation, Attorney at Law
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TermsThere are times that offering better terms could not only get you more for your home in the long run, but also save you some money, in certain situations. If you bought your first house a long time ago, and you have deferred payment of capital gains in later transactions, you could have a tax liability issue. Sometimes, by carrying a note on part of the purchase price, you can defer payment of those taxes until a later date. Also, in a slow market, you may find that you can make your home available to more buyers by offering to carry a second mortgage on part of the purchase price. This can not only give you more money for your house, but provide an ongoing income as well. For More Information Contact: |
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Send mail to ken@lawken.comLaw Office of Ken Koenen
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