If you’ve been thinking about selling a home in Silver Spring, MD you may want to seriously consider doing so before December 31, and here’s why:
The “fiscal cliff” is fast approaching and with it the possible elimination or modification of many tax credits and deductions. One such modification would be to the capital gains tax. Currently, capital gains – the amount profited from the sale of a home – is 15 percent. However, that rate increases to 20 percent if this particular provision is allowed to expire on the 31st.
Fortunately, there is still time to list your home and have it sold by the end of the year. The pricing strategy will need to be aggressive to ensure that it sells below the 59 day average, but it can be done with the help of an experienced Silver Spring, MD Realtor.
Here are some tips to help your home sell as quickly as possible: > > Continue Reading Why You Should Sell Your Silver Spring, MD Home Before December 31
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