Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
The Housing and Economic Recovery Act of 2008 changed the tax rules around the sale of primary residences in a way that has not been widely discussed. Homeowners may no longer be able to claim a full $250,000 (or $500,000 for married filing jointly) capital gains exclusion for a primary residence despite living there for 2 of the past 5 years. The new rules, which went into effect at the beginning of 2009, still use
Last evening I attended a seminar on residential solar systems presented by Alteris Renewables, a firm that specializes in integration and installation of renewable energy systems. This particular talk was focused on photovoltaic solar systems and the associated Connecticut state assistance program. The earth receives huge amounts of energy every year in the form of sunlight. Photovoltaic solar systems are able to capture some of that energy and convert it directly into electricity. Homeowners can
Yesterday the weather was perfect for a winter open house. Pretty much a spring day in February. My sellers in the West End of Hartford had some good traffic come through their homes, with lots of people seriously looking. I had some good conversations with the various buyers and I noticed an interesting trend emerging. Of the 23 groups of people that visited my open house, 8 were from West Hartford. Every one of them
This Sunday’s Courant contained an excellent editorial about regionalism as a possible strategy for addressing the financial challenges our numerous local governments face. It is a very helpful piece because it not only introduces & defines the idea, but also looks at pros & cons. Finally, the article cites other US metropolitan regions that are already making strides with this strategy and articulates first steps for Greater Hartford. Town finances impact all of us (even
I recently received an email from a reader interested in the West Hartford market. Because their question was related to property taxes, something people are fixated on most of the time, I thought I would share the conversation with the masses… When looking online, every once in a while I am thrown off when i see two similar houses that have two totally different “estimated tax” amounts. A good example i found this morning is: