Selling your house can be an intimidating process. You may not know where to start or if now is the right time. But, with so many reasons to sell this year, it’s never been a better time than ever to list your home for sale.
Here are three reasons why you should consider selling your home this year.
Sell to Take Advantage of the Current Market
The housing market is thriving right now. With the current interest rates, it’s the perfect time to sell your house. The interest rates will not stay at this low rate for much longer, and the opportunity to sell your home before the rates go up is closing fast. You may be able to save thousands of dollars in interest by selling your home today.
Sell Because of the Tax Benefits
Selling your house this year can come with some great tax benefits. For example, you can write off the profit on your home against any capital gains that you may have made during the year. This means that if you sell your house for $250,000 and you made $25,000 in capital gains this year, you will only owe taxes on $5,000 of those capital gains.
Additionally, selling your primary residence now could also help increase the number of exemptions or deductions you are eligible for. This is because once you sell your house, the IRS considers it a new home and not your primary residence. So by selling now rather than next year when it’s regarded as a new home again, you’ll be able to claim more exemptions or deductions like mortgage interest or state income taxes.
Sell to Simplify Your Life
One of the most significant benefits of selling your home is that you have a chance to simplify your life. This can be a great relief for families moving for a new job, going on an extended vacation, or just looking forward to a less stressful lifestyle.
Sell Your House This Year with Southern Girl Home Buyers!
In today’s market, the demand for homes is high. Fifty-three percent of all homebuyers in 2017 were first-timers. Furthermore, homeownership rates are at their highest level in a decade. This year, selling your house can help you take advantage of the current housing market and make a profit on your home. But, where do you start?
Southern Girl Home Buyers provides a service for homeowners who need to sell their houses quickly in Dallas, Georgia, and don’t know where to start. We make it easy for you to get started by providing a free consultation to assess the value of your property and plan an effective marketing strategy. If you have any questions on the home selling process and are looking for some assistance, don’t hesitate to contact us at any time; we’re here to help you sell your house as pain-free as possible.