Northwest Houston, Cypress and Spring Texas real estate listings, home buying, selling and relocation information

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Titles >Yours In Deed

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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Q	What famous writer's home is Rowan Oak?
A	Rowan Oak in Oxford, Mississippi, was the home of William Faulkner from 1930 until his death in 1962.
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Kay Townend, REALTOR®, real estate agent and broker for Northwest Houston, Cypress and Spring Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Kay Townend
RE/MAX Suburban N.W.
11550 Louetta Road, Suite 1200
Houston, TX. 77070
Main office: 281-376-9900 Ext. 111
800-260-9240 Ext. 111
Fax: 281-320-5830
Direct office: 281-205-1888
Email: Kay@KayTownend.com
Kay Townend brings a wealth of experience with her, having practiced real estate in Houston since 1980 and been a Top Producer every year in listing and selling residential real estate. Kay lists and brings buyers for over one hundred and twenty homes each year in your area. When you hire Kay Townend, you get the benefit of her twenty five plus years of experience. To paraphrase past clients: "Kay Townend knows what she is doing, she loves what she is doing and she believes in what she is doing." Call or email her today!

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