(Published on - 2/17/2018 7:42:19 PM)
I know many of you are worried about how the new tax reform will effect the housing markets, especially those of us with high property taxes! First off, take a deep breath...it is too early to predict, but some things remain certain:
- The DREAM of home ownership is driven by more than tax deductions
- The limited deduction on real estate taxes and mortgage interest will be offset by lower tax rates- and most will come out ahead
- A high probability for continued strong economic growth and wage increases which drive home sales
In the coming weeks, I plan to attend several meetings and seminars by tax and real estate professions. I will update you in the blog or feel free to call me and I will share with you what I have learned.
Also, now is the time to begin preparing your home for the spring market- I would be happy to give you a no obligation comparative market analysis of your home and give you some staging ideas to get you started in the right direction!
I hope to hear from you!