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Time to Move >When Your House Gets Too Big
As the Baby Boomers of the 1950s send their children off to college, they join the part of the market called "empty nesters". At this point they no longer need six bedrooms and three baths, a family room and a gigantic yard. Many "empty nesters" are trading in the family home for something that is smaller, easier to maintain and has the amenities that are important to their more carefree lifestyle.
If you are considering such a move, start out by consulting a good Realtor whom you like and trust. The good news is--- when you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. These capital gain exclusions apply whether you "buy up" to a more expensive home or "buy down" to a less expensive one. If you are moving downtown from the suburbs in order to be close to cultural centers, theaters and restaurants, there may be "quality of life" issues, such as noise or parking. Your Realtor can help you find a home that has all the conveniences and amenities you desire.
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What area in the United States has the highest per capita income?
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The New York/New Jersey/Long Island area has a per capita income of over $750,000, according to the most current available U.S. census data. |
See More Real Estate Trivia > |
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Cristine Clark Realty Executives 911 Hacienda Drive Vista CA 92081 DRE License # 00675233 Direct Contact: 760-758-1211 Instant Home Value: 760-519-8723 Fax: 760-940-0359 SellingHomes@CristineClark.com Instant Home Value: Cristine@CristineClark.com
I've Sold 1 Home Every 3 Days Since 1997!
Cristine Clark has served in the real estate industry for 31 years and enjoys experience in various aspects of real estate, including Investment Property sales, New Home sales, Re-sales, Foreclosures, Short Sales, Land Sales, and much more.!
Choosing a Realtor to represent you in buying or selling a home is a very important decision. You have the right to expect an experienced Realtor that is a negotiating, financing, contracts, and marketing expert. If you are looking to buy or sell a home in North County San Diego, be more informed; ask a professional with a proven track record for their assistance to assure a smooth real estate transaction!
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