Real Estate - The Perfect Christmas Present

This year, consider doing something quite different for your friends and family members.

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Real Estate - The Perfect Christmas Present

This year, consider doing something quite different for your friends and family members. Instead of purchasing them something that you're not quite sure they'll like or not, think about giving them a contribution towards a home purchase.

You probably know somebody that is scrimping and saving to put together a deposit for a new home. Sometimes it can take quite a while save for this deposit and any contributions would be well appreciated towards the cause. When you let the person know that the money you're giving is meant to help support the purchase of a home, it isn't just money that you'll be handing over.

You'll be contributing to a dream and what better Christmas gift could there be? A lot of people are no longer asking for specific presents and would prefer cash at this time of the year. When a potential new home buyer is trying to put together a down payment, every little bit helps.

If you don't want to give the money in an envelope, you can purchase a nice piggy bank and put either cash or a cheque inside it. You can let the gift recipients know that they can use the piggy bank to store their loose change to help build up the down payment even faster!

Another way to give real estate this Christmas is to offer to cosign for a mortgage for one of your children. Of course, you would need to be sure that your child would be able to fulfill his monthly payment obligations so that you don't get stuck with the tab. It's just a thought to consider since more and more parents are taking on this obligation due to the stricter mortgage qualifications that are currently in place.

While most other things in life like cars and electronics depreciate over time, real estate usually appreciates. It's one of the only gifts you can give that will become more valuable in the future.

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