Archive | February, 2017

What Home Buyers Want In a New Home

modern kitchen with hardwood floorsAccording to recent surveys, home buyers today are looking for well-designed, environmentally friendly, energy efficient homes with open floor plans. They want smaller homes (McMansions are out of favor) and tech savvy homes with outdoor living spaces. Read More

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Tax Deductions Available to Sellers

3 people looking over paperworkThe biggest tax benefit available to home sellers is an exemption against capital gains taxes on any profit you make on the sale up to $250,000 ($500,000 if married and filing a joint return). You must have lived in the home as your personal residence for 2 out of the last 5 years before the sale. If you meet these criteria, any profit you make on the home up to $250,000 is exempt from taxation under Section 121 of the U.S. tax code. Read More

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