Greater Austin is a five-county region thriving on a balance of technology, business services, education and government. The region is further enhanced by a thriving arts and entertainment industry. Austin has eight Colleges and Universities, with renowned academic programs and enrollment of over 118,000 students. 43 percent of adults in the city of Austin and 39 percent of adults in the metro area hold a bachelor's or advanced degree. Austin is ranked fourth among Travel & Leisure magazine and America Online's Most Loved Cities. A young, creative, culturally rich community set among the lush hills, lakes and rivers of the Texas hill country. Central Texas boasts a cosmopolitan atmosphere without the big-city hassle, reasonable cost of living, gorgeous scenery and friendly people. Austin gets high marks for its lifestyle and the opportunities to pursue challenging career opportunities. No wonder it’s been cited as the Number One destination both for relocating families and relocating singles. It’s also a mecca for creative, talented people pursuing challenging careers. Our diverse business community prizes entrepreneurial, innovative people. Indeed, people—an educated, highly skilled workforce—are the greatest strength of this “City of Ideas”.  Request our Free Austin, Travis County and Williamson County Relocation Package. It's packed full of useful and important information about the Austin, Travis County and Williamson County, Texas area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... It's our job to know EVERYTHING about Austin, Travis County and Williamson County! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly... 
Tax Considerations >Not at ARMs Length
A sale of a house is just a sale, right? Not necessarily. If you are selling your house to your children or transferring title outside the open market, then the transaction may be characterized as "not at arm's length". Since such a transfer may have tax consequences, you should discuss it with a tax attorney or accountant before taking action.
The transfer of title to a son or daughter may cause the parents to lose favorable property tax treatment, require the payment of state gift taxes, or have other unexpected consequences. From a capital gains point of view, it may be more prudent for children to inherit property than to receive it as a gift. The disposition of any real estate should be considered within the entire framework of your tax and estate planning.
For answers to all your real estate questions, consult experienced professionals who are familiar with this area.
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What does the abbreviation PITI stand for?
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Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment. |
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