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Real Estate Tips
Time to Move >Advantages of Buying Down

Your youngest child has just left home! Your present house now seems enormous. Your "empty nest" has prompted thoughts of selling your home and moving to a smaller, more manageable house.

Before you make a move, you should consult two important professionals--your real estate agent and your tax planner. A good real estate agent will be able to tell you the value of your current home and the availability of alternative houses in your preferred area.

Buying a smaller home or condo can have important advantages, such as lowering your property taxes, simplifying property maintenance, and generating cash which can be put into income-producing investments. You will also want to consider the tax laws which allow capital gain exclusions 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 real estate agent and your tax planner can provide valuable information to assist you in making such decisions.

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Real Estate Trivia
Q 
What island in the St. Lawrence River was given away on a television game show in 1964?

A 
Price is Right Island was given away by Bill Cullen on "The Price is Right."
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Devin Doherty, REALTOR®, real estate agent and broker for Orange County, South Orange County, Laguna Hills and Dana Point, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Devin Doherty
Doherty Real Estate Group

27101 Puerta Real #150
Mission Viejo
CA, 92691
Toll Free: 866-338-4677
Fax: 877-338-4680
Email: Devin@DohertyRealEstateGroup.com

"Come see why three generations of experience, the latest technology, and a truly hands-on team can give you an unbelievable edge in this market!"




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