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"Ward's refined style and performance in our behalf has completely revised my impression of the realty profession."

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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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Q	What is the average age range of a second-home buyer in the United States?
A	Currently, second-home buyers in America are most often between 41 and 44 years of age.
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Ward Shifman, REALTOR®, real estate agent and broker for Boston, Brookline and Newton Massachusetts home listings, property and land for sale - NUMBER1EXPERT(tm)

Ward Shifman

10 Langley Road
Newton Centre, MA. 02459
Phone: 617-633-7703
Fax: 617-762-4067
Email: wardshifman@NUMBER1EXPERT.com
"Ward's refined style and performance in our behalf has completely revised my impression of the realty profession." Feedback such as this from Ward's clients is evidence of his strong customer care, effective listening and communication, as well as effective marketing strategies. Ward was the first agent to join William Raveis in Massachusetts, and is a consistent top producer both with-in the company and amongst all Massachusetts brokers. Ward services the Boston, Brookline, and Newton areas, along with Cambridge, Wellesley, the North Shore, South Shore, and many other neighborhoods. Ward's expertise is not just in sales, but in every aspect of real estate--this unique service will help you make the connections towards accomplishing your real estate goals.

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