Blog post by CZ:http://www.irvinehousingblog.com/blog/comments/priced-to-sell
[IHB] Priced to Sell?
- Thread starter zovall
- Start date
NEW -> Contingent Buyer Assistance Program
irvinehomeowner
Well-known member
I was going to start a new topic but this is a good place to add on to.
We are wondering instead of keeping our current home when we buy another, if we should just sell it because the low inventory, low rates and high demand are making it a sellers market.
We could probably hold and sell for more in 5-10 years to fund the kids' college fund... but I don't know if I want the headache of being a landlord for that amount of time.
We are wondering instead of keeping our current home when we buy another, if we should just sell it because the low inventory, low rates and high demand are making it a sellers market.
We could probably hold and sell for more in 5-10 years to fund the kids' college fund... but I don't know if I want the headache of being a landlord for that amount of time.
usctrojancpa
Well-known member
You also have to take into account the tax implications of selling now versus selling it later, including benefiting from the gain exemption with cap gains tax going up starting next year (2 out of the past 5 years it needs to have been used as your primary residence in order to benefit from the gain exemption).irvinehomeowner said:
cubiczirconia
New member
IHO, there are pros on this website who can offer you all kind of legit advice, but here are my two cents: Sell it if you have doubled your investment.