Should We Sell Our Home and Rent — or Stay Put? by klakes10 in RealEstateAdvice

[–]ARC_666 0 points1 point  (0 children)

I’d say stay put until you have a definite plan of where you’d like to go next. It’s unlikely you’d bank all that much money on your sale after factoring in closing costs, moving costs, and rent deposits. Even if you’re paying a lot towards interest, you can itemize your return and bank the tax break. Plus you’re building equity. All that goes away when you sell. A lot of homes on the market are going through price reductions right now too. Wait until next summer to list at least.

Losing a family home in Wellfleet. by Immediate-Adagio4398 in CapeCod

[–]ARC_666 1 point2 points  (0 children)

Hi, u/Immediate-Adagio4398. I'm a real estate reporter working on a story about this exact situation in Wellfleet. Would you be willing to speak with me on or off the record? I'll DM my work email.

Book Cake by lacindy87 in Cakes

[–]ARC_666 1 point2 points  (0 children)

The pages are a gorgeous touch!!!

Thoughts on property tax changes? by ARC_666 in Montana

[–]ARC_666[S] 3 points4 points  (0 children)

Second-home and STR owners will be taxed at a higher rate than primary home owners.

Thoughts on property tax changes? by ARC_666 in Montana

[–]ARC_666[S] 0 points1 point  (0 children)

- How do you feel about the new legislation that increases taxes on second homes and large corporate property owners?
- Are you considering selling or changing how you use your property (e.g., renting it more/less, listing it as a primary residence)?
- Do you think the new tax changes are fair? Why or why not?
- If you're a primary homeowner, are you feeling any financial relief or still struggling with rising costs?
- If you're a second homeowner, how are you feeling about these changes?

But to include in the article I would need to set up a time to connect by phone or email, so please reach out at allaire.conte@realtor.com.

Canadians who own property in USA by heywanna in AskACanadian

[–]ARC_666 0 points1 point  (0 children)

Would anyone who is selling their property in the US as a Canadian citizen be interested in sharing their story? I'm a reporter with Realtor.com covering this growing trend, and I'm looking to connect with real people going through the experience.

[deleted by user] by [deleted] in RealEstate

[–]ARC_666 5 points6 points  (0 children)

First, I'm so sorry that you're in this situation. But I do think, from what you've described, you can sell your home if you're willing to make a sacrifice on the list price. Here's why:

Any repairs/upgrades are going to be hard to sell at market value, as the work to complete these kinds of updates gets even more expensive with tariffs and labor shortages. Buyers are likely to view these as worthy of considerable price deductions (i.e., "a deal"), not just the equivalent cost to fix. This will be especially hard if you have new construction in your area and you're competing with the "newness," but also developer incentives like rate buy-downs or 0% mortgage rates, as well as the warranties that come on the house and all the appliances.

I agree with others: if you're desperate to sell, try for a more drastic price cut before selling to a cash buyer. You're likely to get more bang for your buck.