Team Nexus Real Estate Blog
Selling a property is usually a significant life event that comes with various financial considerations, one of which is capital gains tax. While the idea of paying taxes on your home's sale can seem daunting, there are exemptions and guidelines that can mitigate, or even eliminate, your tax burden. To best navigate these waters, it's essential to consult with an experienced real estate professional like Coach Frank D'Angelo, who can guide you through the process.
What Is Capital Gains Tax?
When...
Minneapolis Real Estate Market Overview: June 2023
Greetings, readers! As a seasoned Minnesota realtor, I constantly monitor the local housing market trends to better understand the dynamics that affect both buyers and sellers. This month, I'm sharing some critical insights from the Minneapolis Area Realtors May 2023 report. Let's dive into the specifics.
Boost in New Residential Construction
In line with the shortage of existing-home inventory, we've noticed a significant increase in the demand...
Twin Cities Weekly Real Estate Market Report: Week Ending June 3rd, 2023
Welcome to the Twin Cities Weekly Real Estate Market Report for the week ending June 3rd, 2023. This report provides valuable insights into the current state of the real estate market in the Twin Cities region. The data is sourced from Minneapolis Area REALTORS®, a trusted research tool in the area.
Let's dive into the key metrics for the week ending June 3rd, 2023, with all comparisons made to the previous year:
New Lis...
Aging-Friendly Home Features: "10 Home Modifications to Make Aging in Place Easier"
If you're planning to age in place, it's important to make sure that your home is equipped with aging-friendly features that can help you age in place with comfort and confidence. Here are 10 home modifications to consider:
Install grab bars: Grab bars in the bathroom and other areas of the home can help prevent falls and make it easier to get up and down. Replace flooring: Non-slip flooring can help prevent...
Property Tax Relief: "How to Take Advantage of Property Tax Relief Programs for Seniors"
As we age, property taxes can become a significant financial burden. But did you know that many states offer property tax relief programs for seniors? Here's how to take advantage of these programs:
Homestead exemptions: Many states offer homestead exemptions, which reduce the assessed value of your home and lower your property tax bill. To qualify, you must be a homeowner and use the home as your primary...
Estate Planning: "Estate Planning Basics for Seniors"
Estate planning is an important consideration for all of us, but it's especially critical for seniors who want to ensure that their assets are distributed according to their wishes after they're gone. Here are some estate planning basics to consider:
Will: A will is a legal document that outlines how you want your assets to be distributed after you die. Make sure your will is up to date and reflects your current wishes. Trust: A trust is...
