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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 
What famous American sign was originally erected as a real estate ad?

A 
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland."
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Rob Kittle & The Kittle Team, REALTOR®, real estate agent and broker for Fort Collins, Loveland and Windsor, Colorado home listings, property and land for sale - NUMBER1EXPERT

Kittle Team
Coldwell Banker

2580 E. Harmony Road Ste 201
Fort Collins, CO 80525
970-690-4920
Fax: 970-377-3701
robkittle@NUMBER1EXPERT.com

Rob Kittle started The Kittle Team in 1999 with the goal in mind to provide his clients with superior service in the Real Estate industry. The Kittle Team is compromised of 15 professionals that allow them to leverage their business and most importantly increase service and efficiency to their clients. The benefit to their clients is that they receive aggressive sales attention from an entire staff of professionals with one goal in mind - a successful transaction!   The Kittle Team sold 250 homes last year, that’s 38 times more than the average agent. The Kittle Team has provided Excellent Service for over 13 years and have helped over 1,750 families buy or sell their home! The Kittle Team has sold over $300 Million in Real Estate. Their client base is primarily made up of repeat and referral business. They pride themselves on providing the “Gold” service to their clients and their clients’ referrals.   Rob Kittle and The Kittle Team was named 108 of America’s top real estate professional teams by The Wall Street Journal and REAL Trends. The team is now a member of the “The Thousand Top Real Estate Professionals,” a prestigious national awards ranking sponsored annually by the two respected publications. The Kittle Team is now ranked in the top one half of 1 percent of the more than 1 million REALTORS® nationwide.   From short sales and foreclosures to million dollar sales, Rob Kittle and The Kittle Team are the experts. With their slogan “We Specialize...You Benefit”, their clients are guaranteed a smooth transaction in a challenging market.


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