The 2-Out-Of-5-Year Rule
Unmarried individuals can exclude up to $250,000 in profit from the sale of their main home. You can exclude $500,000 if you’re married. To qualify, you must have lived in the home for a minimum of two out of the last five years. Click on the link below for more details on this incredible US tax exclusion windfall!
Are you monitoring real estate trends at a national level? What holds true in your local market? How does this information apply to your neighborhood? The best security we have to ensure smart decision making in any economy is staying informed. At Mercworks Realty we monitor housing and rental trends closely across southeastern Pennsylvania so we can make calculated and timely decisions with all of our clientele.
It’s never too early to think about the housing market and how home sales may fare during the 2019 calendar year. Savvy homeowners do their research from one quarter to the next. How do you think home values will change in the future?