Skip To Content

Monthly Archives: August 2022

    Surviving Spouse Sale Period

    By Tim Beary | August 30, 2022

    Married couples who own a home as joint tenants with rights of survivorship, the surviving spouse inherits the home, along with their basis, and it does not trigger a taxable event.  Unfortunately, the capital gain exclusion is reduced to a single person’s share unless the survivor disposes of the property in the granted time. Married... Read More

    Are prices and rates going to continue to rise?

    By Tim Beary | August 23, 2022

    One of the most talked about questions in the real estate market has to do with “Will prices continue to rise now that interest rates have increased dramatically this year?” It is understandable to think that if the Federal Reserve is using interest rate increases to slow consumer demand, that it would also slow homebuyer... Read More

    Indecision Can Be Expensive

    By Tim Beary | August 16, 2022

    With all that is going on in the world, a global pandemic, supply chain issues, highest inflation in 40 years, the economic effects of a war in Ukraine, it can be overwhelming to think about when the right time is to buy a home. On a local level, there is a pent-up demand for homes... Read More

    Good Records Can Reduce Capital Gains

    By Tim Beary | August 8, 2022

    Regardless of whether you’re entitled to $250,000 or $500,000 of exclusion when you sell your home, prices have gone up so much in the past two years, you may be approaching the limit where you might have to pay tax on the excess when you sell. Any improvements you have made to the home during... Read More