Quote:
Originally Posted by JMintzer
Oh, dear... I ASSumed they the sale/purchase was from a couple, like the majority of Villages purchases (73%)...
Regardless, unless they sold for DOUBLE the price they initially bought, they won't pay capital gains... And I find that is unlikely...
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It is VERY LIKELY. Most homes in the Villages were bought many years ago. The Covid boom doubled the home values and then some!
Currently, this may be difficult. Inventory has risen tremendously in the past few months causing price reductions. Just a year ago, sellers were cashing-in, BIG TIME. Timing is everything.