When deciding to sell real estate, always investigate the financial impact of doing that first. If you’re fortunate to have had the value of your property increase since you’ve purchased it, you may be subject to capital gains tax on the profits. Typically, if you are single, you will not have to pay capital gains taxes on the first $250,000 in profits or if you are married, the first $500,000. If you have an outstanding loan on the property, check to see if you are subject to a pre-payment penalty. We will discuss the various fees to sell (commission, escrow, title etc,) on another page. Always check with your accountant and make certain you fully understand the financial impact of selling.
Sellers often ask us if certain times of the year are better for selling than others. LA does not have major peaks and valleys like they do in colder climates. The market in Ladera Heights is quite robust so you can generally choose the time that works best for you and have a successful result.
Contact Kevin at (310) 200-4916 or email at firstname.lastname@example.org
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