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You Go the Extra Mile
"We had never sold a home prior to this and were looking for a professional and personable agent. We received your newsletters and knew you had sold properties in our area. After meeting with you, we knew you were the agent for us. We appreciated that you made yourself available when questions arose and that you conduct yourself and business with the highest degree of integrity. You go the extra mile and it shows. We have already recommended The Glassman Group to several friends and neighbors. Thank you for being such a dedicated agent and wonderful person.!"
Kenneth & Mary Murphy, formerly of Chantilly, VA
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The way that you hold title to your property has legal, tax, and estate-planning consequences. Many buyers do not receive adequate professional advice on this important aspect of property ownership.
If you are purchasing property by yourself, you will be acquiring title by sole (or "separate") ownership, single ownership, or severalty ownership. The term "severalty" does not denote more than one person - it is a legal term meaning that sole ownership is severed from all other forms of ownership.
If you are purchasing property with others, the most common forms of co-ownership are tenancy in common, joint tenancy, and community property. Tenants in common can be created when two or more related or unrelated people hold title to a property either equally or unequally. Each individual has the right to do whatever he wishes with his interest in the property. For example, he can sell his interest, give it away, or will it to someone else.
Before you take title, you should seek advice from your tax advisor and an attorney, particularly if you are buying the property with another person.
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