2FORCEFULL
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- Jan 26, 2008
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I was listening to a podcast with realtors.... they were talking about the amount of people that after thier home sold wanting to cancel escro,... all of them saying that they can't even buy the same value home for hat they were getting,.. even though the Realtor got them over 50k more than the listing price......
pretty easy math....1 mill home...60k plus in fees... so now you only have 940k.... the same house you just sold for 1 mil....you can't buy cause your short about 70k....
selling your home to make capital gains , means that you pay tax on the gains money, so you have to move quick or pay tax...
there has to be a better reason to sell your home, prices are up is not one of them...sellers market is not either...if you sell your home you are now in the buyers market
pretty easy math....1 mill home...60k plus in fees... so now you only have 940k.... the same house you just sold for 1 mil....you can't buy cause your short about 70k....
selling your home to make capital gains , means that you pay tax on the gains money, so you have to move quick or pay tax...
there has to be a better reason to sell your home, prices are up is not one of them...sellers market is not either...if you sell your home you are now in the buyers market