Here are just a few things to consider when preparing to sell your home:
- Should you add-on or Move?
- What Home Improvements Make a Difference?
- Are you making a Capital Improvement to the Home?
- Are you selling your principal residence? (Note: The Internal Revenue Code allows qualifying persons an exclusion on the gain from their personal residence up to $500,000.)
Even if you’re not thinking about selling your home right now, you might want to consider:
- Are you keeping/have you kept good records?
- Is this the right time to refinance? There are many “rules of thumb” used to determine the right time to refinance a home.
- Should you pre-pay Your mortgage?
- Is your Property Tax assessment too high? If it is, should you challenge it? The assessment placed on a piece of property is the value that will be used to determine how much tax will be owed when you’re ready to sell your home.
Your home is potentially one of the biggest investments you will ever make. Give us a call and let us help you protect your investment!