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Time to Move >When Your House Gets Too Big
As the Baby Boomers of the 1950s send their children off to college, they join the part of the market called "empty nesters". At this point they no longer need six bedrooms and three baths, a family room and a gigantic yard. Many "empty nesters" are trading in the family home for something that is smaller, easier to maintain and has the amenities that are important to their more carefree lifestyle.
If you are considering such a move, start out by consulting a good Realtor whom you like and trust. The good news is--- when you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. These capital gain exclusions apply 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 Realtor can help you find a home that has all the conveniences and amenities you desire.
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What has been described as the world's most beautiful building?
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The white marble Taj Mahal in India was built by the Mogul emperor Shah Jahan (1631-53) to enshrine his favorite wife. |
 See More Real Estate Trivia > |
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Jere Whitehouse - Associate Broker
RE/MAX of Montgomery
4240 CARMICHAEL COURT NORTH
Montgomery, AL 36106
Office: 334-324-9485
Fax: 334-244-2408
jwhitehouse@NUMBER1EXPERT.com
Jere Whitehouse has continually distinguished himself with awards and honors throughout his successful real estate career of over 25 years, all in the Montgomery, Alabama, area. Prior to his affiliation with RE/MAX of Montgomery, Jere worked with other major real estate companies and was consistently the top agent out of three offices and over 80 agents. In 1997, in addition to earning the Top Agent Award for the year, he also earned the prestigious "Ed Lowder Award" for Excellence in service to his clients and his leadership within the company.
Since joining RE/MAX of Montgomery, Jere has continued to be a leader in the company, and a well recognized figure in the community. Jere's consistently high volume is a measure of his hard work, dedication and his commitment to serving his valued clients.      
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