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REAL ESTATE MARKET UPDATE

REAL ESTATE MARKET UPDATE

Although housing is usually among the sectors most sensitive to interest rates, things have not been quite so straightforward in America. As the Federal Reserve turned hawkish over the past two years, mortgage rates soared, ascending from less than 3% to more than 7%. For the median family buying the median home, mortgage payments doubled from roughly 14% of monthly household income in 2020 to nearly 29% in June.

During this online seminar, we will provide valuable insights into the current market dynamics, share predictions, and discuss the impact of increasing mortgage rates. It’s an excellent opportunity to gain a competitive edge in your real estate endeavors.

Join us on October 14th at 11am

Visit www.PrincetonMarketSeminar.com or call 609-577-2989 to register. We’ll send you the Zoom link upon registration.

LAST-MINUTE SUMMER-TO-FALL HOME UPGRADES

Princeton Town Topics – Let’s Talk Real Estate – September 20, 2023

LAST-MINUTE SUMMER-TO-FALL HOME UPGRADES

As summer draws to a close and the crisp breeze of fall approaches, it’s the perfect time to squeeze in some last-minute home upgrades to prepare for the cooler months ahead. Here are a few quick and impactful changes that will ensure comfort, safety, and a welcoming atmosphere as the seasons change:

1. Insulation: Ensure your home is well-insulated to keep the warmth in and the cold out. Check for drafts around doors and windows and seal any gaps.

2. HVAC Maintenance: Service your heating system and replace air filters. A well maintained system operates more efficiently, saving you money and ensuring a cozy winter.

3. Gutter Cleaning: Clear out leaves and debris from your gutters to prevent water buildup and potential damage during winter storms.

4. Outdoor Lighting: As the days get shorter, update your outdoor lighting to improve safety and ambiance.

5. Fireplace or Wood Stove: If you have one, schedule a chimney sweep and stock up on firewood for those cozy winter nights.

6. Home Décor: Swap out lightweight summer decor with warm elements like throw blankets, rugs, and earth-toned accessories.

7. Landscaping: Trim overgrown bushes and trees, and plant fall flowers or bulbs for a burst of color.

SHANA TOVA: EMBRACE THE SWEETNESS OF NEW BEGINNINGS

Princeton Town Topics – Let’s Talk Real Estate – September 13, 2023

SHANA TOVA: EMBRACE THE SWEETNESS OF NEW BEGINNINGS

As the sun sets and the shofar sounds, we welcome the Jewish New Year, Rosh Hashanah. It’s a time of reflection, renewal, and connection with our faith and loved ones. Let’s cast away regrets, embrace forgiveness, and look forward to a year filled with hope and opportunities. Just as we dip apples in honey, may our lives be sweetened with blessings. Together, let’s strive for kindness, gratitude, and unity. Shana Tova, a year of health, happiness, and peace to you and your family.

BACK-TO-SCHOOL ROAD SAFETY

Princeton Town Topics – Let’s Talk Real Estate – September 6, 2023

BACK-TO-SCHOOL ROAD SAFETY

As the school bells ring once again, it’s crucial to shift our focus back to road safety. With the start of the academic year, roads become busier with children and young pedestrians. Remember, a few extra minutes can make a world of difference. Slow down in school zones, stay vigilant for crossing guards, and adhere to speed limits. Avoid distractions like phones, ensuring your full attention is on the road. Let’s create a safe environment for our kids to thrive by driving responsibly. A little caution goes a long way in safeguarding the future of our communities as we embark on this back-to-school journey.

HAPPY LABOR DAY WEEKEND: CELEBRATING HARD WORK AND REST!

Princeton Town Topics – Let’s Talk Real Estate – August 30, 2023

HAPPY LABOR DAY WEEKEND: CELEBRATING HARD WORK AND REST!

As we approach this well-deserved Labor Day weekend, let’s take a moment to honor the dedication and effort we put into our daily endeavors. It’s a time to celebrate not only the fruits of our labor but also the importance of balance. Whether you’re unwinding with family, firing up the grill, or embarking on a relaxing getaway, remember to relish the joy of rest. Let’s recharge our spirits, spend quality time with loved ones, and bask in the final moments of summer. Wishing you a joyful and rejuvenating Labor Day weekend!

NAVIGATING CAPITAL GAIN TAXES WHEN SELLING YOUR HOME

Princeton Town Topics – Let’s Talk Real Estate – August 23, 2023

NAVIGATING CAPITAL GAIN TAXES WHEN SELLING YOUR HOME

Capital gains refer to the profits earned from the sale of an asset, including real estate. While many homeowners might assume that the entire sale amount is theirs to keep, it’s crucial to consider the potential tax obligations that might arise from this transaction.

In the United States, homeowners can often exclude a significant portion of their capital gains from the sale of their primary residence. Under the current tax laws, individuals can exclude up to $250,000 of capital gains from their taxable income, while married couples filing jointly can exclude up to $500,000, provided certain eligibility criteria are met.

However, if the gains exceed these thresholds or if the property wasn’t used as a primary residence for at least two out of the past five years, some capital gain tax might be due. Understanding the nuances of these regulations, as well as potential exemptions for unforeseen circumstances, can help homeowners make informed decisions when selling their homes.

Before embarking on selling your home, it’s advisable to familiarize yourself with the capital gain tax implications. Seeking advice from tax professionals can help you navigate this complex landscape and ensure you’re well-prepared to make the most of your home sale while staying compliant with tax regulations.

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