Don Gockel Realtor, Broker, GRI's Q&A

SoCal_Engr asked the right question, "What is the purpose of the sale?" A quit claim deed will transfer the "Title" to your son at the time it is signed. He would then take the quit claim deed to the county recorders office to have it recorded ($15-25 depending on the county.) Quick and simple, but, the down side is that he would be accepting any other claims to the title as his, for example an unknown mechanics lien (this can be avoided by purchasing title insurance.) His basis for income tax purposes begins at the time of transfer at the value as of that date.Another method is to put your son on title as a joint tenant. This way when you die, he will get the remaining portion of the title at the stepped up value and have the original portion at the value it was at the signing date.If you are concerned about the money, you could sell it out-right to him at a reduced value and have him get a loan. OR, you could "carry the note" and have him make payments to you and when you die the remaining money owed could be willed to him.You need to decide which senerio appeals to you the most and then go see a CPA who would likely charge less than an attorney. If your decision involves a will or trust, I suggest that you speak with an estate and trust attorney. As a broker I will tell you that an agent can help you through the sale transaction, but it is not necessary, you could do it yourself.

This property is no longer available. The HOA is reported as being $142/mo., as for the water, it is normally paid for by the HOA.

Back yard has dead grass. I have not seen the inside of this house so I am not aware of any damage or repairs needed. Call me at 888-451-1543 if you would like to see the property.

Sorry, that property is no longer available. It sold after only 55 days on the market.

By the way, the price on that home has beed reduced to $287,808!Don Gockel

Yes, this is bank owned. To schedule a private showing, just give me a call.Don Gockel,888-455-1543

Not sure of your real question. It was listed at $99,900 is now $94,900! To schedule a private showing, just give me a call.Don Gockel, GRI, Realtorwww.homes-on-the-web.comVisit my podcast at www.avrepodcast.com888-455-1543 office661-965-0557 cell888-400-7607 fax

Not sure of your real question. It was listed at $99,900 is now $94,900! To schedule a private showing, just give me a call.Don Gockel, GRI, Realtorwww.homes-on-the-web.comVisit my podcast at www.avrepodcast.com888-455-1543 office661-965-0557 cell888-400-7607 fax

Not sure of your real question. It was listed at $99,900 is now $94,900! To schedule a private showing, just give me a call.Don Gockel, GRI, Realtorwww.homes-on-the-web.comVisit my podcast at www.avrepodcast.com888-455-1543 office661-965-0557 cell888-400-7607 fax

Not sure of your real question. It was listed at $99,900 is now $94,900! To schedule a private showing, just give me a call.Don Gockel, GRI, Realtorwww.homes-on-the-web.comVisit my podcast at www.avrepodcast.com888-455-1543 office661-965-0557 cell888-400-7607 fax