What Are Common Misconceptions About Real Property Transfers?
Explore the truth about real property with our blog ‘What Are Common Misconceptions About Real Property Transfers?’
Explore the truth about real property with our blog ‘What Are Common Misconceptions About Real Property Transfers?’
Discover how legal services can ensure smooth real estate transactions in our blog ‘The Role of Legal Services in Successful Real Estate Transactions’.
When a property is transferred through an estate deed of distribution, determining the correct tax basis is critical for the heirs or beneficiaries. Understanding the basis for an estate deed is essential for calculating any capital gains when the property is eventually sold. Let’s walk through how you determine the Read more…
Why Confirming Your Homestead Status After a Deed Transfer is Crucial for Your Property Taxes When you transfer ownership of a property, it is vital to confirm your homestead status with the county to protect your property tax benefits. A homestead exemption can significantly lower your property tax bill, but Read more…
Why Gentile Property Law Office, LLC Electronically Records Deeds and Why It’s Better for Clients At Gentile Property Law Office, LLC, we prioritize efficiency, security, and client satisfaction in all aspects of real estate transactions. One of the ways we achieve this is by electronically recording deeds, a process that Read more…
What You Need to Know When it comes to property ownership, understanding the process of deed transfers is essential. Whether you’re buying, selling, or gifting real estate, the deed transfer process plays a pivotal role in ensuring a smooth transfer of property ownership. In this guide, we will break down Read more…
Once a deed has been signed, sealed and delivered, the transfer from the grantor to the grantee takes place. To protect the grantee’s interest in the property, the deed is recorded with the Land Records office. This provides constructive notice that the property has transferred. By recording the deed, another Read more…
When the State of Maryland sends you the property assessment, do you look at it? You should. Sometimes the state assessment is too high and you, as the homeowner, have the right to appeal the assessment. While appealing property taxes in Maryland might appear to be a daunting task, we Read more…
When selling a home For Sale By Owner (FSBO) and you’ve already found a buyer, one crucial decision remains: who should draft the contract? While realtors are often involved in property transactions, opting for a lawyer drafting the FSBO contract is also a good choice. Expertise in Legal Nuances Lawyers Read more…
I was recently married and want to add my new spouse to title, will this be taxed? Whether you were recently married or married fifty years ago, adding or removing a spouse from the title to a property is exempt from Recordation and Transfer taxes. I have a partner and Read more…