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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
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

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
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Study, or hire an attny.

Jan 27, 2018 05:36 AM
Rainmaker
5,539,697
Barbara Todaro
RE/MAX Executive Realty - Retired - 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
3,726,701
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

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

Jan 26, 2018 03:14 PM
Rainer
353,360
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
1,580,191
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
3,855,373
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Seek the advice of a real estate attorney!

Jan 27, 2018 05:52 AM
Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

By consulting with a real estate attorney.

Jan 27, 2018 05:05 AM
Rainmaker
920,978
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Consult your real estate attorney.

Jan 27, 2018 12:06 AM
Ambassador
4,309,924
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Rachel Greene - I think it is a personal choice.

Jan 26, 2018 09:18 PM
Rainmaker
813,393
Jeff Pearl
RE/MAX Distinctive / 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
284,887
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
Ambassador
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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
Rainmaker
2,949,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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
1,430,877
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
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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
1,120,788
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

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
3,985,753
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
1,508,825
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

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

Jan 26, 2018 05:30 PM
Rainmaker
2,591,054
Richie 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
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Fred Griffin Tallahassee 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
5,178,816
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
6,168,882
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jan 26, 2018 02:38 PM
Rainmaker
182,479
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
1,584,980
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
2,057,703
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Great answers are here.

Oct 07, 2018 02:01 PM
Rainmaker
3,725,360
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
4,565,994
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
Rainmaker
440,775
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
1,337,713
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
3,069,179
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Jeff Dowler nailed this one!

Jan 27, 2018 05:08 AM
Rainmaker
4,433,283
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends.

Jan 27, 2018 03:32 AM
Ambassador
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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
684,210
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
1,992,660
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

by mutual agreement

Jan 26, 2018 03:24 PM