As the Baby Boomers of the 1950s send their children off to college, they join the part of the market called "empty nesters". At this point they no longer need six bedrooms and three baths, a family room and a gigantic yard. Many "empty nesters" are trading in the family home for something that is smaller, easier to maintain and has the amenities that are important to their more carefree lifestyle.
If you are considering such a move, start out by consulting a good Realtor whom you like and trust. The good news is--- when you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. These capital gain exclusions apply whether you "buy up" to a more expensive home or "buy down" to a less expensive one. If you are moving downtown from the suburbs in order to be close to cultural centers, theaters and restaurants, there may be "quality of life" issues, such as noise or parking. Your Realtor can help you find a home that has all the conveniences and amenities you desire.
The Rob Ellerman Team Reece and Nichols Realtors 1153 Northeast Rice Road Lees Summit, MO. 64086 Office: 816-251-1435 Fax: 816-524-4665 Email: firstname.lastname@example.org
Let me give you a brief overview of what I believe makes a great agent. Most agents continue to do things that were being done years ago to sell real estate.
If you are looking to buy or sell and you have internet access and would like to use it during your home buying or home selling process, please shoot us an email and let’s chat for a few minutes. My goal is not to brag about my status in the company and how much I sell, it’s to make your next move as fun and painless as possible. Top agent status always seems to follow. I look forward to hearing from you.
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Lee's Summit, Overland Park, Olathe and Kansas City, Missouri