When many people are looking for homes but not many are for sale.
When there are lots of homes for sale but no one is buying them.
This refers to the fact that winter sales tend to be slower in most markets while spring sales typically speed up.
Managing Your Money
Before the offers start rolling in, be prepared for the large amounts of money that will pass through your hands. However, don’t forget to take these things into consideration..
This refers to using the proceeds from the sale of your home to discharge or pay off your current mortgage. In an open mortgage, you can pay it all off without any penalties. If you have a closed mortgage, be prepared to pay a penalty.
A portable mortgage means you can take your mortgage money with you and buy a new home, without penalty.
Capital gains tax
If you had tenants living in part of your home, such as the basement, you’ll pay capital gains tax on a portion of your profits. You may also owe capital gains tax if you’re selling a vacation or investment property.
Always consult a professional financial advisor before making personal financial decisions.
Meet a Pilon Real Estate group Agent that’s right for you!
Don’t simply go with the first Pilon Real Estate Group Agent who suggests the highest asking price. Ask around, talk to a few, and you’ll soon find the one that’s right for you. Meet a Pilon Real Estate Group Agent today.
The Pilon Real Estate Group Agent you’ve used before
Sticking with a Pilon Real Estate Group Agent you know makes sense. If your Pilon Real Estate Group Agent did a good job helping you buy your home, he or she is probably a good candidate for helping you sell it.Think localWrite down the names and numbers of REALTORS® on for sale signs. Ask friends or family to recommend a REALTOR®. Visit one of the local real estate offices in your area.
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