Keith D Myers Broker Manager and Real Estate Consultant shares his insights on the local real estate market





 



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Are You looking for that fine distinctive luxury home or are you thinking of selling your home? Howard Hanna's Homes of Distinction specializes in the marketing and promotion of upscale luxury Homes. Showcasing some of the areas finest homes on the real estate market today through exclusive marketing programs and partnering with some of the most powerful independent luxury real estate brokers in the world. Through such venues as Christies Great Estates, Luxury Portfolio Fine Properties and Leading Real Estate Companies Of The World these are just some of reasons to let Howard Hanna assist you in all of your distinctive home needs!



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Friday December 19 2008

When Fear Rules

by Keith D Myers

…Is  now the right time to consider to buy or sell a home? This is an intriguing question It depends on your situation! Every situation is unique.  Home ownership is a fundamental and inalienable right! It is an excellent way to build wealth by building equity and the tax benefits on the sale of a home are tremendous! Depending on how long you owned and lived in the home before the sale and how much profit you made would depend on how much profit is tax-free.  If you are married and filing joint returns up to $500,000 of the profit may be tax-free!! You should consult you tax professional before considering the sale of your home, and speaking of tax benefit opportunities for homeownership a new government program for first time home buyers is available.  Recent past legislation now allows many first time home buyers to receive a tax credit of up to $7500 when they purchase a home.  With interest rates being very attractive right now and at historic lows, it makes a higher priced home more affordable!  In other words, it means a Buyer can get  more home for their money coupled with more homes on the market at this time versus the same period last year, the opportunities are really knocking for the conscientious home  seeker so take advantage!  


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Keith D Myers
Designated Broker
Real Estate Consultant
Certified Broker Appraiser









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