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Welcome! Here You Can Find the Latest Information on Residential Real Estate in the Jacksonville area, including Mandarin, St. Johns, Ponte Vedra and the Jacksonville Beaches... |
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Looking for homes? Search everything the web has to offer, right here! Don't miss our Feature Homes - click the button on the left or check out our Listings Player on the right. Need local real estate information? We've summarized much of what is important about the greater Jacksonville real estate market in this site. Search the entire Northeast Florida Multiple Listing Service by clicking "Search All Local Listings" on the left. Need expert advice? No web site, large or small, can take the place of a top Realtor. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job. Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR Realtors. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life, and in the current economic climate it's more important than ever to have an expert team on your side. As members of the RE/MAX Hall of Fame (representing the top 12% of all RE/MAX agents worldwide) and Jacksonville Homebuyer "Best in Client Satisfaction" Agents every year since 2004 (limited to the top 7% of all local realtors), we have the experience and track record you are looking for. Please let us help! We look forward to working with you... - Chris & Denette Triplett THE TRIPLETT TEAM at RE/MAX Specialists  |
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Insurance >Title Insurance for Owners
If you finance your home, the lender will require you to purchase title insurance for the amount of your mortgage. You will be given the option of increasing the coverage to include your equity in the property. The owner's coverage fee is a one-time charge that protects your equity in your new home, including its appreciated value. Most experts agree that the additional coverage is a good idea.
Before your sale is finalized, the title company will inspect the public records and confirm the sellers' ownership of the property. They will look for any liens that may have been filed against the property, and that must be paid off before it can be sold. Even the most careful search, however, cannot guarantee that there was not an error at some point in the transfer of title during the chain of ownership. Title insurance is one of those things you will probably never need, but if you do, you will be very glad you have it!
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| Q |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
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| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
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