Seller Tips October 9, 2023

Avoiding Capital Gains Tax and Living Mortgage Free

Because of this sale, my seller was able to pay CASH for her new home and live MORTGAGE FREE! 🙌

*Consult your CPA*, but if you have lived in your primary home at least two out of the last five years, you should be exempt from capital gains taxes up to $250,000 if single and up to $500,000 if married. Yes, that means TAX FREE profits that you could use as cash on your next purchase!

Let’s connect if you need an updated market analysis on your Outer Banks property. There is a huge upside to selling in this current market, and I would love to help you determine if it is your best next step. 🔑

Congrats to my seller 🍾
1110 Charlotte Lane | KDH
SOLD $482,500

📲 252.599.6814