May 15, 2015 5:31 PM GMT
has your home valuation recovered and reached exceeded its peak 2006 value?
eagermuscle saidYes - I'm an hour outside Manhattan.
Lumpyoatmeal saidHow would I determine that? Is there some web site I can use?
HikerSkier saidLumpyoatmeal saidHow would I determine that? Is there some web site I can use?
You can get a rough guesss from Zillow.com and various other real estate websites.
Where you guys are do they do "staging" when the house is sold? It's the big thing here. Staging is where a consultant comes in and completely remodels the place with their own furniture, paintings, bric-a-brac, etc. They'll have you paint it and redo the floors and so on; it makes a huge difference in what you'll get when it sells.
willular said... My goal is to get rid of this thing next yearall good if you want to sell. try to avoid capital gains tax if there is any gains. Also there may be state taxes too. there is a federal $250K exclusion that within 5 years you need to have stayed in the house 2 years. The 2 years need not be continuous. Re investing in a higher priced house no longer qualifies. take the exclusion as many times as you need.
neffa said...1 bedroom flat in Tampa Bay ... been renting it for the last 2 years ... the rent i get ... covers insurance , maintenance fees and 3/4 of the rent i pay in Atlanta...be sure your taking all the deductions on your US federal and state taxes. For example HOA and building special assessments could be tax deductible. Get a tax adviser.
Physiqueflex said... but it will be a long time before it reaches 2006 levels when everything was overpriced.i read an article that most of N America will have caught up to the 2006 levels by 2017. Again not counting the +15% inflation loss. The Denver area caught up in 2013 and last year showed a nice 13% increase above 2006 levels so anything is possible if not already is happening.
pellaz saidhas your home valuation recovered and reached exceeded its peak 2006 value?
PatrickRyan saidBought my home 9 years ago and never intended for it to be an investment, just wanted my own place. The value went up a lot the first three years. Each year since then it has steadily gone down in value. It is especially demoralizing because the assessments done by the city don't reflect all the work I have put into the home and property over the years. So many people around me foreclosed that it has hurt the overall value of homes in my neighborhood. I appreciate what I have, just wish those damned assessments would go up for once.