The information contained herein is intended to provide general information and is not intended as a substitute for individual legal advice. Therefore, all persons are directed to seek the advice of an attorney regarding their specific tax and legal situation. You've probably already considered your personal reasons for selling. Now you need to take into account the other factors involved, such as market conditions, your property's value and tax implications. Unless you're locked into selling your home (e.g., you've already accepted a job offer in another city), it's a good idea to look at the whole picture before deciding to sell. Assessing Market Conditions There's a rule of thumb to keep in mind when deciding to sell your home: Your home is only worth what a qualified buyer is willing to pay at the time it's on the market. The current real estate market fluctuates based on supply and demand, interest rates, general economic conditions, and other factors. The same house may sell for more or less under a different economy. Your REALTOR® can inform you of the going price for homes in your area at the current time; this data is included in a comparative market analysis (link to Appraisals and CMAs). Tax Implications of Selling There are many dynamics that can affect your tax liability upon selling your home. These issues include whether you purchased the home or inherited it, if you used your home for business or rental purposes, costs associated with selling your home, and any home improvements and additions that you've undertaken. The Federal Taxpayer Relief Act of 1997 provides capital gains tax exclusions of up to $500,000 for married taxpayers filing jointly and $250,000 for single taxpayers or married taxpayers filing separately. Current capitol gains rates are 20 percent for those in upper tax brackets and 10 percent for those in lower tax brackets. Overall capital gains rates have been lowered even further -- to 18 percent and 8 percent respectively -- for assets acquired after December 31, 2000, and held five years or more. To qualify for this tax break, you must have used the home as your primary residence for at least two of the prior five years; these two years don't have to be consecutive. If you relocate for your job but don't meet the requirement, you may be allowed to take a capital gains exclusion proportionate to your circumstances. This exclusion is not a one-time benefit; you may take advantage of it once every two years as long as you meet the qualifications. The tax rules differ when you sell a home that you've inherited. If you sell the inherited home for a profit, you're required to pay federal and state taxes on the gain. If you keep the house as a second residence and/or eventually move into it after renting it to t ... https://www.youtube.com/watch?v=xPpBSwOutlg

Are mortgage rates making your head spin? Don't worry, it's normal for them to fluctuate daily. Stay focused on the big picture and don't let the day-to-day changes throw you off track. Andres Morales, ??? US NAVY Veteran, Lic# 1343492, NMLS #300240 Direct 949-306-9260. #mortgage #rates #confused #normal #fluctuations #impact #dailychanges #weeklychanges #bigpicture #finance ... https://www.youtube.com/watch?v=SN1jpUOBnMk

¿Estás listo para comprar tu primera casa? Antes de comenzar a explorar vecindarios y casas de ensueño, asegúrate de obtener la preaprobación para tu hipoteca. Con las tasas hipotecarias en baja, este es el momento perfecto. ¡No te pierdas la oportunidad de convertirte en propietario! Andres Morales, ??? US NAVY Veteran, Lic# 1343492, NMLS #300240 Direct 949-306-9260. #comprandocasa #preaprobaciónhipoteca #tasashipotecarias #explorandovecindarios #casasdesueño #primerpaso #importante #bajandotasashipotecarias #compradores #mejormomento #AlisoViejo #Anaheim #Brea #BuenaPark #CostaMesa #Cypress #DanaPoint #FountainValley #Fullerton #GardenGrove #HuntingtonBeach #Irvine #LaHabra #LaPalma #LagunaBeach #LagunaHills #LagunaNiguel #LagunaWoods #LakeForest #LosAlamitos #MissionViejo #NewportBeach #Orange #Placentia #RanchoSantaMargarita #SanClemente #SanJuanCapistrano #SantaAna #SealBeach #Stanton #Tustin #VillaPark #Westminster #YorbaLinda ... https://www.youtube.com/watch?v=0xEPNGkEzHU

欢迎回到我的频道！尔湾市的房地产市场近期十分火爆。房屋需求持续高涨，导致市场处于卖方市场。房屋平均价格涨幅达到3.95%，这对于房主来说是一个不错的出售时机。如果你想出售你的房屋，现在就是一个良好的时机。库存数量也只有零点一二个月的供应量，这进一步证明市场对卖家非常有利。Andres Morales, ??? US NAVY Veteran, Lic# 1343492, NMLS #300240 Direct 949-306-9260. #尔湾市 #房地产市场 #二月份数据 #美丽城市 #房屋需求 #高价格 #出售房屋 #好时机 #市场利好 #零库存 #irvine #irvinecalifornia #irvineca ... https://www.youtube.com/watch?v=X2uJ4NURYs4