Saving for a down payment on a home is the most difficult step in the process of buying a home for 25% of first-time buyers, according to the National Association of Realtors (NAR) 2017 Profile of Home Buyers and Sellers. Of those buyers, 55% said student loan debt delayed them in saving for a home. Now couple […]
Gifting a Down Payment and Gift Taxes
Duane Duggan with the Boulder Property Network and RE/MAX of Boulder affiliated attorney, Gina Weinberger, discuss gifting money to help someone with a down payment or purchasing a home. We covered lots of ground in this short podcast! Is there a limit to gifting? What is the lifetime threshold? When is there a tax burden? […]