One of the most frustrating experiences I’ve had over my 28 years in the real estate business has been the misrepresentation of facts as to the strength or weakness of home sales. Many of us turn to our trusted newspapers to feel the pulse of the market so that we may time the sale of our home to maximize the amount received after their home sells. For over 40% of all seniors, the proceeds from the sale of their home are their greatest asset. Best of all most or all of the proceeds are free from capitol gain taxes ( a married couple is exempt up to $500,000 in gain, and a single homeowner is exempt up to $250,000 in gain) with the requirement that the home has been the primary residence for at least 2 of the last 5 years.

The real estate market just like most other commodity markets are subject to ebbs and flows, ups and downs, depending on many factors. On many occasions, the market has slowed down by (more…)