benefitsfedsinventoryrates.lowtaxUncategorizedWinter January 8, 2016

Why Would You Sell Your Home in Winter?!?!?

The sky is gray, yards look bleak, you just want to hunker down with a good book and a blanket. Why think about selling your home now?
Here are a few good reasons:

1. Housing Inventory is LOW
Unlike many other areas of the country, the Santa Clara County real estate market has seen prices surpass their 2007 highs with no end in sight. We have extremely low inventory and many well-qualified buyers desperate to find a home. I receive emails every day from agents begging for off-market listings for their buyers who have lost out on multiple offers. In most of my transactions this past year I have had buyers who were more than willing to tailor their offer to work with buyers’ needs, including rent backs, long escrows, short contingency periods, etc. This is a sellers’ marke

2. Low Interest Rates
Yes, the Feds raised interest rates at the end of last year. That being said, they are still ridiculously low. We expect them to go up as the year progresses, so take advantage of them now, while buying power is still strong. If you are not only selling your home but looking to purchase a replacement, this is doubly important.
3. Tax Benefits
Yes, this is still the largest tax break for qualified taxpayers on capital gains for the sale of their personal residence. Single taxpayers may exclude up to $250,000 on capital gains and couples up to $500,000.

If you have any questions, please feel free to contact me. I also welcome opinions and personal testimonials.