Listing Details: Bentonville, Rogers and Fayetteville, Arkansas Real Estate Listings & Homes For Sale Provided by Paula Prince

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Feature Property - Think that you cannot Afford Luxury?

$165,000

Photo of 9 Leafield, Bella Vista, AR, 72714.

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Address: 9 Leafield	City/ST: Bella Vista, AR	Zip Code: 72714
Location: Bella Vista, AR	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1930	Bedrooms: 3	Bathrooms: 2
MLS# 601924	Property Tax: 1753

And you thought that you could not afford luxury. This home offers 2 living spaces and a bonus area! It has a lovely courtyard in the back and a huge privacy fenced area ( side yard) It has an open floor plan with hardwood in the entry and living room. The kitchen has lots of space for storage and food preparation. The upstairs bonus room would make a great multi-media area. You could watch movies or the kids could enjoy their favorite video games.

Last Updated: 8/24/2010 11:03:17 AM

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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	In what 2003 comedy does a very large family move to a new house on Forest Avenue in Evenston, Illinois?
A	"Cheaper by the Dozen", starring Steve Martin, was actually filmed in a house in Los Angeles near the Farmer's Market.
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Paula Prince, REALTOR�, real estate agent and broker for Bentonville, Rogers and Fayetteville, Arkansas home listings, property and land for sale

Paula Prince
Coldwell Banker Harris McHaney and Faucette
809 South 52nd
Rogers, AR 72738
Voice or text: 479-685-4373
Fax: 479-273-7053
paulaprince@BestImageAgent.com
Text me at 479-685-4373

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