IT’S TIME TO CELEBRATE
We are in the 7th year of recovery, all of the banks and the automotive manufactures have paid back the government for all the bailouts. The economy is booming for most…but is it another bubble? For many economists the future is unknown. With Britain leaving the European Union and global unrest, how long will the United States’ real estate market keep growing? Are we really in 10 year cycles, boom or bust? I am sure you have heard these questions or have been even asking them yourselves, as consumers what should we do? My advice is to take advantage of the good times. I am not saying for sure anything is going to happen but it has been good for a long time, property values are growing at record earnings. Where does the real estate market go when it has reached its peak?
People have asked me, Shaun what do you think we should do, when should we sell and make the most money? The answer is…there is no time better than the present!
DON’T WAIT UNTIL PRICES START TO FALTER
Move to your next dream house while the dream is alive. With capital gains being non-taxable income on your equity if you lived in your current home 2 out of the last 5 years – you can’t do better. Tax free money in the $10’s of thousands in most cases, in extraordinary cases in the $100’s of thousands. Just imagine…..you could put a large down on your new home, take your dream vacation, pay off your debt, set up a college fund for the kids and replenish your rainy day fund. For most, the sky is the limit if you act now. Again, many economist find the future unknown, live in the present. Go for the home you want to be in while the getting is good! It would be awful if you waited too long and were stuck. To wait too long could be a mistake…dare to dream and dream to dare!