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School Reports in Lewiston, Auburn, Lisbon and Southern Maine, Maine
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Maine Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
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Real Estate Tips

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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Real Estate Trivia

Q 
Where is the world's oldest castle located?

A 
The castle at Gomdan, Yemon, dating from before A.D. 100, is considered the oldest castle; it originally had 20 stories.
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Brenda Fontaine, REALTOR®, real estate agent and broker for Lewiston, Auburn, Lisbon and Southern Maine, Maine home listings, property and land for sale - NUMBER1EXPERT

Brenda Fontaine
Fontaine Family - The Real Estate Leader

336 Center Street
Auburn, ME. 04210
Office: 207-784-3800
Fax: 207-786-2957
Email: WebForm@FontaineTeam.com

Brenda Fontaine became a Real Estate Agent in 1983. Brenda has helped over 4000 families buy and sell their home. Brenda ranked NUMBER 1 for a nationwide franchise for "Top All Around Realtor" for 6 years. Brenda's success is due in part, to her caring attitude, her consistent follow through and also her strong work ethic. Brenda is supported by an experienced and dedicated team of licensed professionals that consist of a client care manager, Melissa Field, marketing manager, Crystal Bergeron, showing/feedback coordinator, Angie Larochelle, field Coordinator, Claude Fontaine, marketing assistant, Marilyn Larochelle, listing manager, Marie Beaulieu and eight Listing & Buyer agents, Bill Bergeron, Clayton Larochelle, Beth Favreau, Deb Morin, Nick Trider, Harriet Cummings, Matt Lavallee & Pat Long-Cressey. The Family team of fifteen licensed professionals work together to help families buy and sell their property. They want to be your "Realtors for life" and they will give you superior service to earn that honor. The Wall Street Journal recently posted America's Top Performing Real Estate Professionals on their website. (wsj.com) Amongst the top 400 is local real estate professional Brenda Fontaine. Fontaine who ranked 44th on America's Top Performer list, is broker owner of Fontaine Family - The Real Estate Leader located at 336 Center St. Auburn, Maine.

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