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Time to Move >When Your House Gets Too Big
As the Baby Boomers of the 1950s send their children off to college, they join the part of the market called "empty nesters". At this point they no longer need six bedrooms and three baths, a family room and a gigantic yard. Many "empty nesters" are trading in the family home for something that is smaller, easier to maintain and has the amenities that are important to their more carefree lifestyle.
If you are considering such a move, start out by consulting a good Realtor whom you like and trust. The good news is--- when you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. These capital gain exclusions apply whether you "buy up" to a more expensive home or "buy down" to a less expensive one. If you are moving downtown from the suburbs in order to be close to cultural centers, theaters and restaurants, there may be "quality of life" issues, such as noise or parking. Your Realtor can help you find a home that has all the conveniences and amenities you desire.
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What criteria determines the hottest real estate markets?
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Job/personal income growth; population/household growth; housing affordability/appreciation; and current inventory of homes for sale. |
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Kathy and Brian Boals RE/MAX Olson/Advantage Realty/Dos Vientos Realty 280 E. Thousand Oaks Blvd, Ste B Thousand Oaks, CA 91360 805-446-4200 email: ARE@roadrunner.com
In 1988 Kathy and Brian opened their own real estate brokerage office. They are a dynamic husband and wife team and have developed their own unique agent and client support system for marketing, escrow management, property management, and seller and buyer services, and mortgage lending.
"We have committed ourselves to providing the detailed supervision and care of each and every transaction we handle, which is necessary to protect our clients and comply with all legal aspects of each sale. We have also established strong relationships with leading Escrow companies, Title companies, property inspection services, and other services our clients need.We provide a personal touch and not a corporate environment for our clients and customers."
Kathy and Brian have a passionate vision of service and are ready to be of assistance with integrity and honesty to their clients. 


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