Skip to main content

Posts

Showing posts from September, 2024

Some important information on buying and selling property at Pittsburghpa

Get a new property tax assessment - If the appraised value of your home as decreased since you bought it, give your local Pittsburgh tax assessor’s office the proof of your home’s current market value and a list of comparable sales in your neighborhood. Research new laws - Check out the new laws that may allow short sellers to escape penalty for forgiven debt or to argue property taxes. Home repairs count towards capital gains taxes - Capital gains taxes are calculated when you sell your home. They take into consideration the any profit you have made over $250,000 if you are single and $500,000 if you are married. However, the government will take into account any improvements you made on the home. Analyze your tax liability - Figure out what your net tax liability is and reduce your payroll withholdings to be inline with them. Getting a Design Consultation Could Help Sell Your Pittsburgh Home Selling a home in today’s market is difficult, but not impossible. It only takes one buyer to