The Primary Home Sale Tax Break Exemption To qualify, the home must have been your primary residence for at least two out of the five years before the sale. These don't have to be consecutive years. Both the IRS and Massachusetts are in sync on this one and offer a significant tax break called the Home Sale Exclusion, which allows single filers to exclude up to $250,000 of the gain from Continue Reading
About Massachusetts Home Sale Taxes
What are the Home Sale Taxes in Massachusetts? This post explains the Home Sale Tax Consequences in Massachusetts for a single-family home or condo you've lived in for at least two of the last five years. At the bottom, you will see links to special Home Sale Tax Exemptions that can help you avoid most, if not all, of the taxes on a home sale. Our team at Greater Boston Home Team is here to Continue Reading
Boston Area Fall 2022 Market Update
Greater Boston Real Estate Market Remains Stronger Than Much Of The Country While headlines are shouting about a declining real estate market the fact is that statistics show that, unlike many U.S. cities, there is still a severe shortage of properties for sale in most of Greater Boston Boston's communities. We are still a long way from an oversupply of homes for sale and the 3 to 6 month Continue Reading
Sam’s three strike rule for home and condo buyers
To put things in perspective for our buyer-clients, when come across a property that has issues that limit its appeal, we often discuss “Sam’s three strike rule”. Here it is: If a property has one issue but is otherwise great, some, but not all buyers may overlook that issue and buy the property. If it’s an average property, more buyers are likely to consider the issue and will Continue Reading
Summer 2022 – Buyer’s Real Estate Market Report
The Greater Boston real estate market is tracking about as expected in our Spring Market Report, however, the rapid increase in recent mortgage interest rates since that report has decreased their buying power more than expected for many buyers. Home prices have remained stable because there is still strong demand and low supply, however, homes are not getting bid up as Continue Reading
FAQ on Asbestos
Some Frequently Asked Questions & Answers about Asbestos from the EPA Site The information below has been sourced and quoted on June 10, 2022 from the Environmental Protection Agency’s website: https://www.epa.gov/sites/default/files/documents/asbestosfaqs_0.pdf How do I know if I have asbestos in my home (in floor tile, ceiling tile, shingles, siding, Continue Reading
Does It Stay Or Does It Go?
Many home buyers and home sellers are confused about what remains with a home or condo at the time of the sale. “Real Estate”, also known as real property, is defined as immovable fixed property, principally land and buildings. That definition includes anything that is attached to the walls of a building. Those items are known as fixtures. Anything that is not attached to the house is the Continue Reading
5 Inspiring Home Design and Remodeling Trends for 2021
We’ve all spent a lot more time at home over the past year. And for many of us, our homes have become our office, our classroom, our gym—and most importantly, our safe haven during times of uncertainty. So it’s no surprise to see that design trends for 2021 revolve around soothing color palettes, cozy character, and quiet retreats. Even if you don't have immediate plans to buy or sell your Continue Reading
February 2021 – Bold Prediction for the Greater Boston Real Estate Maket
BOLD PREDICTIONS FOR THE 2021 GREATER BOSTON HOUSING MARKET - posted 2/7/2021 by Sam Schneiderman, Greater Boston Home Team's President & Principal Broker Now that we have a more solid grasp on how vaccinations are likely to affect the economy and local housing market, we are comfortable making some predictions about where we think the Greater Boston housing market is headed. 2021 housing Continue Reading
