| If you are an investor looking to sell one or more | | | | revenue will be taxed at the lower 10% rate. |
| of your real estate holdings, you might want to | | | | This advantage means that you will keep more of |
| consider completing the sales transaction in the | | | | the profits when you sell your house now, instead |
| next year. At the end of 2010, tax cuts put in | | | | of waiting until after the end of 2011. Whether |
| place by President Bush will be reset to standard | | | | you pay just the lower amount of capital gains |
| income tax rates and you will lose your | | | | tax, or you split the percentage rate, you will still |
| opportunity to take advantage of the lower rates. | | | | likely earn more from the sale in the next year |
| As an investor looking to sell a house fast, you | | | | than at any point in the future. |
| are most likely already familiar with capital gains | | | | The market is definitely leaning toward sellers |
| taxes, but most home buyers are not. Therefore, | | | | right now, because there are many individual |
| the decision to buy houses in PA is not made | | | | home buyers in Philadelphia and investors looking |
| because of the capital gains tax reductions that | | | | to buy houses in PA. They are looking for deals, |
| you, the seller, will get if the property sells before | | | | and although the idea of selling at a lower price |
| the end of 2010. | | | | does not always seem appealing in comparison to |
| The current capital gains tax rate is actually a | | | | waiting a year or so to sell, today it is not a bad |
| two-fold calculation. If you are selling a property | | | | idea to sell a house fast for a lower price. This is |
| for which you have claimed depreciation, then you | | | | because even at a lower selling price, your |
| must be aware of the total amount of the | | | | property is going to bring you larges profits than |
| depreciation claimed. Many investment home | | | | if you wait a year and sell for a significantly higher |
| buyers bought properties as part of a we buy | | | | price. |
| houses type program and want to sell the house | | | | Keep this information in mind as you make |
| now. In that case, the capital gains tax rate will be | | | | decisions regarding your real estate investments, |
| 10%. | | | | particularly if you are already planning to sell in the |
| On the other hand, if you have claimed | | | | near future. There hasn't been a better market |
| depreciation be aware that when you find a home | | | | for home buyers in years, and fortunately for the |
| buyer, you will be taxed at 25% for the amount | | | | investor, prices are higher than they were over |
| that you claimed in depreciation when you sell | | | | the last few years and there is a significant profit |
| your house now. The advantage of selling is still in | | | | to be made by selling in the next year. |
| your favor however, since the remaining sales | | | | |