The moment we decide to sell can be an emotional one. The thoughts which follow aren’t always clear, decisive and strategic with regard to prepping your property for sale. Take your time. Do the research. Here’s an article which may help.
Accuracy matters a lot in this arena because many buyers and sellers use the online estimates to price their homes or make purchase offers, literally handing sellers or buyers the estimates as part of their bargaining strategy. This is despite both companies’ warnings that these are not appraisals, only algorithm-based computer estimates.
Fair market rent data for 2019 from the U.S. Department of Housing and Urban Development.
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?