Robin Friedman
speaker
175 appearances
4 recordings
1 series
first heard Aug 2017
last heard Feb 2024
Robin Friedman’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Cosigning a Mortgage: What Children and Parents Need to Know · 4 Oct 2022
podcast
That gives them more rights and control because their name will be on the deed.
So they're not at the mercy of their children who have total control over
if they are not on the deed.
Parents can also give a gift to children in the form of a down payment, which would lower the amount of the mortgage that the kids need to pay for the house.
Anyone can give a gift to another person of up to $16,000 a year without it being reportable as part of the annual gift tax exclusion, which means that two parents can give a couple $64,000 a year.
One other alternative is to tap a program like Merrill Lynch's Parent Power, which allows family members to pledge eligible securities, such as stocks and bonds, to make a cash down payment on a family member's home.
That's a good option for those who want to help a child buy a home, but prefer to keep their assets invested.
Thank you.
Sellers don't want to waste their money on renovations that won't add to their ultimate sales price.
Oh, thank you for having me.
I think so.
As anybody who wants to buy a home right now probably knows, the market is crazy.
Houses in many markets are selling within days of hitting the market, and there are often bidding wars with people paying over asking price.
So depending on the house and the market,
It might not be necessary at this point for a seller to do renovations or updates.
If you're in a market where there's no inventory, for example, a buyer might be inclined to purchase a home and do any necessary updates on their own.
Now, that being said, every market is different.
We know real estate is local, and this is where the advice of an experienced local real estate agent can be invaluable.
There are advantages to updating a home, even in a strong market, though.
First of all, many buyers today want to turn key opportunity by buying a home in moving condition.
Showing 81–100 of 175 · page 5 of 9
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