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 I am a firm believer in the value of real estate as a great investment! I have helped clients buy and sell properties in both Missouri and 'The Gold Coast' of Connecticut. Having made many moves myself (California, Connecticut, Michigan, Pennsylvania, Washington, to name a few) I understand the emotions and stress involved in moving, whether within town or to a completely new location. I am a former CPA with an MBA from the Andersen School at UCLA. I have been involved in both the public schools (Treasurer of a bond issue campaign which financed Wildhorse Creek Elementary in the Rockwood School District) and the private schools (Treasurer of the Mothers' Club at St. Louis University High School). In my 'other life' I enjoy our 3 sons (ages 24, 21 and 18), and our daughter, age 14; golf, when I have a chance, and any kind of needlework. As a token of my appreciation for the trust my clients have in me, I make a donation to the charity of your choice for every closed transaction. It would be my pleasure to assist you in your real estate transaction. Sincerely,
Peggy Fox
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Tax Considerations >Not at ARMs Length
A sale of a house is just a sale, right? Not necessarily. If you are selling your house to your children or transferring title outside the open market, then the transaction may be characterized as "not at arm's length". Since such a transfer may have tax consequences, you should discuss it with a tax attorney or accountant before taking action.
The transfer of title to a son or daughter may cause the parents to lose favorable property tax treatment, require the payment of state gift taxes, or have other unexpected consequences. From a capital gains point of view, it may be more prudent for children to inherit property than to receive it as a gift. The disposition of any real estate should be considered within the entire framework of your tax and estate planning.
For answers to all your real estate questions, consult experienced professionals who are familiar with this area.
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| Q |
What is the highest skyscraper hotel in the world?
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| A |
The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world. |
 See More Real Estate Trivia > |
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Peggy Fox
Prudential Alliance, Realtors
17050 Baxter Rd., Suite 200
Chesterfield, MO 63005
314-805-7524
Fax: 636-537-2405
peggyfox@NUMBER1EXPERT.com
I am a firm believer in the value of real estate as a great investment! I have helped clients buy and sell properties in both Missouri and 'The Gold Coast' of Connecticut. Having made many moves myself (California, Connecticut, Michigan, Pennsylvania, Washington, to name a few) I understand the emotions and stress involved in moving, whether within town or to a completely new location.
As a token of my appreciation for the trust my clients have in me, I make a donation to the charity of your choice for every closed transaction. It would be my pleasure to assist you in your real estate transaction.
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