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5,199,980
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I do not make a recommendation. Buyers should consult a real estate attorney and CPA.

Jan 26, 2018 02:17 PM
Ambassador
2,129,856
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home again, home again...

ask your attorney, or financial consultant which method is the best form to take home ownership.

I, as a Realtor, do not recommend or advise ANY form of ownership.  I leave that to those who are better qualified to do so.

Jan 26, 2018 02:06 PM
Ambassador
6,761,072
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Study, or hire an attny.

Jan 27, 2018 05:36 AM
Rainmaker
5,585,039
Barbara Todaro
Retired...Mentoring Newbies - Franklin, MA
Previously Affiliated with The Todaro Team

that's an easy one to answer.... you should get guidance from a real estate attorney.... no one else.

Jan 26, 2018 03:19 PM
Rainmaker
5,383,300
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

This is a question for an attorney to review with buyers. I recommend nothing to anyone.

Jan 26, 2018 03:14 PM
Rainer
353,915
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

Your title company can probably give you an information sheet explaining each.  What you pick can have serious implications.  If you're not sure, consult with an attorney.

Jan 26, 2018 03:10 PM
Rainmaker
2,231,519
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

The best way is to contact a real estate attorney and have the attorney explain the difference of ownership. 

Jan 27, 2018 07:56 AM
Rainmaker
5,553,307
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Seek the advice of a real estate attorney!

Jan 27, 2018 05:52 AM
Rainmaker
1,118,749
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Consult your real estate attorney.

Jan 27, 2018 12:06 AM
Rainmaker
4,322,295
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Rachel Greene - I think it is a personal choice.

Jan 26, 2018 09:18 PM
Rainmaker
936,318
Jeff Pearl
Samson Properties / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Leave that to new owners and title attorney.

Jan 26, 2018 03:42 PM
Rainer
399,837
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

That is a question best answered by the title company if there are questions about it. It depends on which state the buyers live in, which state the property is in, what the buyers' relationships are with each other and what they hope to have happen upon their death. For example, in a community property state, with a husband and wife buyer that want to leave the property to each other if death occurs, they usually take title as husband and wife, community property or joint tenants with right of survivorship (JTWROS). If they wanted to leave their portion of the property to someone other than their spouse, they could hold it as tenants in common and will their portion to someone else (though they may need to give 50% of their share of the property to their spouse if it is a community property state - you'd need to double-check that). 

Jan 26, 2018 02:50 PM
Rainmaker
1,713,581
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The title company and the lender will help make thast decision.

Jan 26, 2018 02:29 PM
Ambassador
3,446,501
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Read the description of each, and decide what is best for you. If you cannot decide, consult with an attorney. 

Jan 26, 2018 02:09 PM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Rachel Greene A potential buyer should always seek legal counsel to determin what is best for their situation.

Jan 27, 2018 07:07 AM
Ambassador
3,222,902
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

by discussing with an attorney or your cpa

Jan 26, 2018 10:04 PM
Rainmaker
1,638,607
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP
Big Block LPT Realty 858.232.8722 - La Jolla, CA
Coastal San Diego, Veteran's & Retirees Services

You choose based on your situation and then that situation is brought to your CPA and or attorney to guide you if you can’t decide for yourself

Jan 26, 2018 08:27 PM
Rainmaker
3,986,529
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

You need to know financial intimately

Jan 26, 2018 05:47 PM
Rainmaker
1,657,202
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

Talk to a title rep ( if in CA), it is complementary. 

Jan 26, 2018 05:30 PM
Rainmaker
2,870,629
Richard Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Tax people will give the best answer after talking with affected parties

Jan 26, 2018 04:42 PM
Ambassador
2,717,043
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  That is up to the purchaser.  They should consult their CPA and/or their attorney.  If a lender is involved, they will have a say.

Jan 26, 2018 04:03 PM
Rainmaker
5,774,106
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Seek the advice of a professional, CPA , attorney.  As an agent you do not advice forms of ownership.  A

Jan 26, 2018 03:59 PM
Rainmaker
8,230,600
Roy Kelley
Retired - Gaithersburg, MD

Use the form that best meets the needs of the purchasers.

Jan 26, 2018 02:38 PM
Rainmaker
192,039
Erika Rae Albert, Austin Real Estate Expert
E-Rae Realty - Austin, TX
Exceeding Expectations in Every Transaction

Can you clarify your question Rachel Greene .  Do you mean fee-simple or common?

Jan 26, 2018 02:01 PM
Rainmaker
1,598,552
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great answers are here. 

Good luck

Oct 07, 2018 02:01 PM
Rainmaker
2,071,140
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Great answers are here.

Oct 07, 2018 02:01 PM
Rainmaker
5,173,258
Richard Weeks
Dallas, TX
REALTOR®, Broker

It seldom comes up; however, if it does have the clients talk to a real estate attorney or the title company.

Feb 09, 2018 05:42 AM
Rainmaker
6,050,500
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Buyers choose, based on their situation.

Jan 29, 2018 08:17 AM
Rainer
509,499
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I don't make that decision for my client so I ask them how do they want to take title.  If they don't know, they should consult an attorney.

Jan 27, 2018 02:46 PM
Rainmaker
1,545,944
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Lawyers, CPAs.  Not realtors, agents, psychics, Ms. Cleo, your momma.

Jan 27, 2018 08:39 AM
Rainmaker
3,074,716
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Jeff Dowler nailed this one!

Jan 27, 2018 05:08 AM
Rainmaker
4,434,277
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends.

Jan 27, 2018 03:32 AM
Rainmaker
4,273,331
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Alan May has your answer

Jan 26, 2018 09:22 PM
Rainmaker
807,862
Brian L. Sirota, Esq.
Bristar Realty (Realtor/Attorney) - Orange, CA
For Solutions: (714) 501-7660

Eeny, Meeny, Miny, Mo could work....

Jan 26, 2018 07:23 PM
Rainmaker
2,259,003
Michael J. Perry
Fathom Realty - Lancaster, PA
Lancaster, PA Relo Specialist

by mutual agreement

Jan 26, 2018 03:24 PM