For Sale

Fox Business: What You Need to Know When Selling a Home This Year

2017 is a good time for homeowners considering putting their house on the market.

For homeowners looking to sell in 2017, it’s a good time to put your place on the market. It’s a good time to be a seller—the housing market’s strength is a beneficial trend. However, that doesn’t mean there aren’t things you should know before officially listing your home. Fox Business rounded up a few financial factors to keep in mind when selling your home this year.

The New Housing Boom Is Going Strong

Even though the housing bust happened about a decade ago, home prices haven’t recovered all of the ground that they lost between 2007 and 2009. But those prices made progress over the course of the past year. That trend is expected to continue going forward.

Climbing Fears About Mortgage Rates

Low mortgage rates are helping make homes more affordable. They only climbed last year following the 2016 presidential election. However, the Fed has signaled that two to three rate increases could be ahead in 2017.

Receive Tax Help

Tax breaks are still available to buyers. Homeowners can still claim deductions for mortgage interest and real estate taxes if they itemize. The biggest tax break, however, is the exclusion of capital gains when you sell.

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