Tax reform homestead exemption sell your home in 2017
Homestead Tax Exemption, Sell Your Home, Tax Reform

Are you Considering Selling Your Home? Avoid possible tax disadvantage by getting your home under contract in 2017

There is a time bomb no one is talking about in regards to tax reform. The homestead tax exemption currently states if you live in a house for 2 out of 5 years you don’t pay capital gains tax. The bill in congress right now has this being changed to 5 out of 8 years. “Some people could feel blindsided…

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APPRAISAL SHORTFALL
Home Appraisal

What is an Appraisal Shortfall and How to Prevent them

What is an Appraisal Shortfall? Appraisal shortfall is simply a lower appraised value than the sale price of the home. Ideally they should match or the appraised value can be slightly higher. The buyer can only borrow from a lender based on the appraised value of the home.  If an appraisal shortfall occurs, someone needs to pay the shortfall.  The…

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