Mary Lockman Methow Valley Real Estate

You may have grown children who you would like to help buy a home.  There has never been a better time:

• Interest rates are low
• First time home buyer tax Credit will end in spring of 2010
• Gifting to your children can be as high as $52,000 with no tax consequences. 

  Under current tax law, an individual can gift up to $13,000 each year to any individual with no taxable consequences to anyone. If you and your spouse gift to your child and his or her spouse, that gift can total $52,000—a sizeable down payment.

  For more information about helping your child become a homeowner, please contact me anytime.