We purchased a home at the top of the market in 2022 when we needed to move. We love the house and love the neighborhood, but we purchased next to a busy road that has only become busier. We are tired of the traffic noise and want to move a few blocks away. I'm sure after commissions and considering the upgrades we did, we are going to lose money on the sale. I'll consider it an expensive lesson never to buy near a busy road.
1. If I understand it correctly, losses on a primary home are not deductible on taxes? Is there any other way to mitigate or recoup any losses on this sale?
2. I still don't understand the implications of the NAR settlement. What should I be doing when I'm interviewing realtors? If I negotiate a commission, does that mean they'll do less to market my house? Will it make it less attractive to buyers who won't be able to "share" my agent's commission?
3. Has anyone had success with a contingent offer in the last 4 years? I know it makes buyers less competitive, so is there a strategy to doing it properly?
1. If I understand it correctly, losses on a primary home are not deductible on taxes? Is there any other way to mitigate or recoup any losses on this sale?
2. I still don't understand the implications of the NAR settlement. What should I be doing when I'm interviewing realtors? If I negotiate a commission, does that mean they'll do less to market my house? Will it make it less attractive to buyers who won't be able to "share" my agent's commission?
3. Has anyone had success with a contingent offer in the last 4 years? I know it makes buyers less competitive, so is there a strategy to doing it properly?
Statistics: Posted by MCST — Sun Dec 15, 2024 7:59 am — Replies 11 — Views 530