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Real Estate Tips

Titles >Joint Tenancy

When two or more individuals own property together, each one owning an equal interest and having equal rights in the property including the rights of survivorship, it is referred to as joint tenancy. Any of the joint tenants may transfer his or her interest in the property to another party, but this dissolves the joint tenancy and creates a tenants-in-common interest with respect to the other parties whose names are on the title.

The most important feature of joint tenancy is the right of survivorship. A joint tenant cannot will his or her interest in the property to others. The surviving joint tenant (or tenants) simply becomes the owner or owners of the property without going through the probate process, which can involve expensive legal fees and may take months to resolve.

It is important to get professional advice when you plan to buy and hold title to real estate with another person.

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Real Estate Trivia

Q	What is one of the most common ways for making the interior of a home more appealing to buyers?
A	Repainting walls with light, neutral colors makes it easier for a buyer to visualize how the home will look with their possessions.
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WEICHERT, REALTORSŠ - The Chase Team, REALTORŽ, real estate agent and broker for Norwell and Scituate, home listings, property and land for sale - NUMBER1EXPERT

The Chase Team
WEICHERT REALTORS - The Chase Team
146 Front Street
Scituate, MA 02066
781-545-7900
Fax: 781-545-7901
Cell: 617-803-2660
donna@chaseteam.com
Where others might take the easy road, Donna, as one of America's NUMBER1EXPERTS in the Norwell and Scituate areas, travels the route that delivers the BEST results and service to her clients. Donna skillfully negotiates through any transaction with years of sales and negotiations training, to deftly turn obstacles into advantages for her clients. She arrives at her goal using inspired strategies and creative marketing, unlike any other agent you may have met! Donna's properties are selling quickly. Call her today for a half-hour presentation to show you a different approach to marketing your property.