3 Ways To Tell Its May Be Time To Sell Your Home

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With today's increased housing demand and the low supply of housing inventory in places like New Jersey, New York, and Pennsylvania (housing supply is averaging about 2-3 months), now may be a good time to consider selling your house. 

If you're on the fence about whether the sale of your home is a change you're ready to make, consider these signs as you weigh your options: 

Major Life Changes:  

A new job, a new addition to the family, family members leaving the house are all lifestyle changes that require living space changes

 

Tax Free Capital Gains: 

As hous prices increase there are opportunities to take advantage of tax free capital gains, $250,000 (single) or $500,000 (married), if the home has been your primary residence. Speak with a CPA for details and contact me for more information on the capital gains tax exclusion .

 

Trade Up: 

The current market offers an opporunity to cash in on your investment if you purchased your home when prices were lower. If you're in the market to trade up to a larger space now may be a good time to "sell high." 

 

Please Note: This article is provided for illustrative purposes only. It is not an offer or commitment to lend money, and it is not an advertisement for a specific mortgage or a specific interest rate. Contact me to run the numbers for your situation.