Quote:
Originally Posted by RoseyRed
Would be interested in hearing why so many newer homes are being sold? I do realize there are situations that cannot be controlled, just seems there are a lot of newer homes on the market. Are these homes being sold due to things the buyer did not realize prior to purchase?
|
People buy new and flip after a year elapses, some many times.
Of course if a couple resides in a home for two years or more capital gain of up to $500K on the sale of the home usually can be excluded from income tax.
__________________
"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
Last edited by manaboutown; 07-27-2024 at 12:51 PM.
|