Making Money on your Home, part 1

Did you know that your house can make you money? A lot of people don’t know this, but you can buy and sell houses and make a profit on your house. And as long as the circumstances of the sale and the timing of the sale fall into certain parameters, you can make up to $250,000 on a home sale that ends up being tax free! You can even make up to $500,000 if you are a couple filing jointly.

If you are a young person trying to build your net worth you can buy a house with forethought, fix it up or live there for two years or more. But as long as you’ve been in the house for two years, and you sell the house after 24 months, you can make a profit as a single person up to $250,000 or $500,000 as a couple (or two individuals living in the house together). That is something that you should consider doing if you are a young homebuyer and you want to increase your net worth.

So whether you are a first time homebuyer or if you would simply like to know more about how you can make money from your home, call or text me and let’s set up a time to chat!

 804-350-0879 | chris@smallre.net | chrissmallgroup.com

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It is my responsibility as your REALTOR® to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals.

If you would like to know more about the current market, or if you have any general real estate questions, call or text me on my cell phone at 804-350-0879 or you can email me at chris@smallre.net.

If you are looking to begin a home search, visit my website to get started!