How to help your adult child buy a home in today’s overheated market.
As I’m sure you know, today’s home prices have skyrocketed, which means it can be very difficult for your adult child to buy a home.
What you may not know is there are creative ways for you to help make home-ownership a reality for them.
If you are planning to leave your home for any reason, here’s a way to help your child out big time, and handle your tax situation the best way possible…
Check out these three totally legal, proven options.
Option #1: Make an outright gift.
Say you’re feeling super-generous and decide to simply give your home to your adult child. What a deal for your kid! What are the tax implications of making this transaction? READ my new article.
Option #2: Arrange a bargain sale.
Say you’re feeling generous, but not super-generous. You don’t want to simply give away your home. Okay. So consider selling your home to your child for less than fair market value. Again, what are the tax implications of making this heck-of-a-deal transaction? READ my new article.
Option #3: Arrange a full-price sale with seller- financing from you.
In this scenario, you’re not feeling generous at all. The idea of giving your child a big free lunch of your home is unappealing. So what can you do? There is an alternative way to keep your child and keep you happy. I’ll tell you what it is when you READ my new article.
The bottom line. If you want to help your adult child get your home in a tax-advantaged way, take my advice…
CLICK HERE to get my complete article…
Time to Transfer Your Home
to Your Adult Child?
