Year-end thoughts on real estate

Posted by Chris Klein on December 27, 2016  /  in Tips  /  Comments off

 

With the holidays upon us, you may not be in a frame of mind to think about end-of-year financial or tax matters. And if you ask me, that’s exactly how it should be. But when you do emerge from the joy and revelry of the holidays, I thought I’d offer you some food for thought.

I came across this article about tips for making savvy year-end money moves. This list is geared toward families, and I know that covers a great deal of Lauren’s past and current clients. If you have a moment, it’s worth the read.

There was one thing in particular on this list concerning capital gains that caught my attention from a real-estate perspective. If you sold real estate this year and made a profit, you may want to consult your tax advisor to see if you will be required to pay a capital gains tax on the proceeds. It doesn’t apply to all transactions, so it’s a good idea to check with your tax advisor on the specifics. At the very least, doing so now may save you some scrambling or surprises come tax time.

I know Lauren has thanked all of you for trusting her to guide you on your real-estate journeys this year, but I want to add my thanks, as well. It is our honor to work for you, and you made 2016 an amazing year. Lauren looks forward to sharing more about this in the early weeks of 2017.

In the meantime, I wish you all a beautiful and joyous holiday season!

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