Vail, Beaver Creek and Vail Valley real estate and homes for sale in Colorado, Golf, Ski in/out Communities- Teri Lester, REALTOR® Teri Lester REALTOR(r) for Vail, Beaver Creek and Vail Valley, Colorado real estate - NUMBER1EXPERT™ Teri Lester NUMBER1EXPERT(tm) for Vail, Beaver Creek and Vail Valley, Colorado real estate
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Teri Lester, REALTORŪ, real estate agent and broker for Vail, Beaver Creek and Vail Valley Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
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."

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Real Estate Trivia
Q 
Where is the world's largest wine cellar, and how big is it?

A 
A company in the center of the wine-growing district of South Africa has a cellar that covers an area of 54 acres and has a capacity of 27 million gallons.
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High Altitude Home Improvement has been remodeling entire homes throughout the Vail Valley. Call Jeff Borek for a free estimate 970-390-2827
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Teri Lester, REALTORŪ, real estate agent and broker for Vail, Beaver Creek and Vail Valley Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

Teri Lester
Gateway Land and Development

34215 US Highway Six
Edwards, CO, 81632
Office: 970-926-6777
Cell: 970-376-0779
Toll Free: 970-476-3900
Fax: 970-926-2698
terilester@NUMBER1EXPERT.com
tlester@vail.net

Drawing on skills learned from my nursing career, I realize the importance of listening to client's needs, executing a plan of action to achieve one's goal and providing the highest level of service expected of a professional. I recognize the importance of trust, communication and confidentiality when working with client's. I am committed to keeping on "Top of the Real Estate Market in the Vail Valley" and value the relationships I build while helping others achieve their goal of ownership in the beautiful Vail Valley.

GRIeProREALTORMLS


Gateway Land and Development real estate and homes for sale in Vail, Beaver Creek and Vail Valley Colorado





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