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Testimonials: Beresford, Vermillion and Sioux Falls South Dakota home buying, real estate listings, and homes for sale in Union County, SD

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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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Q	What do 84% of homebuyers who use the Internet to search for homes have in common?
A	They use a real estate agent to purchase their home.
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Woody Houser, REALTORŽ, real estate agent and broker for Beresford, Vermillion and Sioux Falls South Dakota home listings, property and land for sale - NUMBER1EXPERT(tm)

Woody Houser
Farm and Home Realty, Inc.
711 W. Cedar Street
Beresford, SD 57004
Phone: 605-763-8085
Phone: 605-231-1867
Phone: 605-957-5425
Cell: 605-957-5425
Cell Sx Falls: 605-231-1867
Fax: 605-763-8084
Email: woodyhouser@NUMBER1EXPERT.com
Woody bought his first property in 1985, his first farm in 1990 and his first investment property in 1993. He has bought and sold residential, commercial and farmland every year since 1993. Woody has experience in all aspects of real estate transactions, including inspecting, financing, buying, surveying, selling, and leasing. Woody operates with integrity, professionalism and exceptional personal service. Woody, and his partner and wife, Mindy, with their technical capabilities and intimate knowledge of marketing, which includes the latest Internet technologies, will insure the buying and selling cycles will be quicker, smoother and more profitable for you. So for any real estate need in Sioux Falls and the surrounding area, email or call Woody Houser.

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NUMBER1EXPERT™ in real estate for Beresford, Vermillion and Sioux Falls, South Dakota, farm land, acreage

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