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Monthly Archives: August 2022

    Surviving Spouse Sale Period

    By Carla Higgins | August 30, 2022

    Married couples who own a home as joint tenants with rights of survivorship, the surviving spouse inherits the home, along with their basis, and it does not trigger a taxable event. Unfortunately, the capital gain exclusion is reduced to a single person’s share unless the survivor disposes of the property in the granted time. Married … Continue reading Surviving Spouse Sale Period → Read More

    Are prices and rates going to continue to rise?

    By Carla Higgins | August 23, 2022

    One of the most talked about questions in the real estate market has to do with "Will prices continue to rise now that interest rates have increased dramatically this year?" It is understandable to think that if the Federal Reserve is using interest rate increases to slow consumer demand, that it would also slow homebuyer … Continue reading Are prices and rates going to continue to rise? → Read More

    Indecision Can Be Expensive

    By Carla Higgins | August 16, 2022

    With all that is going on in the world, a global pandemic, supply chain issues, highest inflation in 40 years, the economic effects of a war in Ukraine, it can be overwhelming to think about when the right time is to buy a home. On a local level, there is a pent-up demand for homes … Continue reading Indecision Can Be Expensive → Read More

    Indecision Can Be Expensive

    By Carla Higgins | August 16, 2022

    With all that is going on in the world, a global pandemic, supply chain issues, highest inflation in 40 years, the economic effects of a war in Ukraine, it can be overwhelming to think about when the right time is to buy a home. On a local level, there is a pent-up demand for homes … Continue reading Indecision Can Be Expensive → Read More

    Good Records Can Reduce Capital Gains

    By Carla Higgins | August 9, 2022

    Regardless of whether you’re entitled to $250,000 or $500,000 of exclusion when you sell your home, prices have gone up so much in the past two years, you may be approaching the limit where you might have to pay tax on the excess when you sell. Any improvements you have made to the home during … Continue reading Good Records Can Reduce Capital Gains → Read More

    Moving Down in an Up Market

    By Carla Higgins | August 2, 2022

    Selling and buying a lower priced home in an "Up" market can be to your advantage. The advantage is to maximize the sales price on your existing home and replace it with a less expensive one. Moving down in an "up" market may be to your advantage in multiple ways. It is possible that your … Continue reading Moving Down in an Up Market → Read More

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