The service we received was excellent We were impressed with how quickly and smoothly everything went. Comments from Richard and Jeanette Martin Read Quote > View All Quotes >
I selected you as my realtor because I know how you worked over the years. I know lots of realtors on the Westside but I chose you for the job. You were very professional, calm and everything was done in a timely manner. The marketing was good, and I liked getting the bi-weekly reports to keep me up-to-date on what was being done. Jessica was a real pleasure--very organized, well-spoken & professional. When I was confused or angry about something, she was always calm and helped me resolve the issue. She was wonderful!! As a seller (and a broker), you took the load off my back and made things easier for me by taking over. Since I am an extremely busy person and had strong emotional ties to the home, you made it easier to sell the property and get through escrow.
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Titles >Ways to Hold Title
When two or more people purchase property together, there are three ways that the title can be held. Knowing the implications of each form of ownership will help you decide how to write your deed.
"Tenancy by the entireties" is reserved exclusively for married people. Both husband and wife own an undivided interest in the property. On the death of one party, the surviving spouse owns the entire property and no probate will be necessary. When unmarried persons buy a home together, they should seek legal advice regarding how title should be held. As "tenants in common" each party owns a percentage interest in the property. On the death of one party his or her interest does not go to the surviving owner but is distributed in accordance with the will of the deceased, whose estate must be probated. As "joint tenants" each party owns an undivided, equal interest that passes automatically to the surviving joint tenant. Probate is not necessary if the deed reads "joint tenants with rights of survivorship".
It is important to know that in most courts, if a deed is written without specification of how title is held, the property is titled as "tenants in common."
Bob Waldron Coldwell Banker 5450 Lincoln Blvd Los Angeles, CA 90094 Direct: 310-337-9225 Office: 310-305-4200 x122 Fax: 310-301-1089 DRE: #00416026 Email: bob@bobwaldron.com
Bob Waldron, your real estate resource at Coldwell Banker, is a leading Realtor in Westchester, Playa del Rey, Playa Vista and surrounding communities on the west side of Los Angeles. With over 35 years of real estate experience and knowledge, Bob provides both buyers and sellers with excellent market expertise and unsurpassed professional service. Contact Bob to experience the knowledge, skills and advantages he offers when you purchase and sell real estate.
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