Real Estate- Remember when?
Nov 14, 2021
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In 1987 mortgage rates were 10.55% for 30 years
Prices of homes were way lower than today.
The point is nothing stays the same. Prices go up and
rates go up. That’s for sure.
But how much longer do you think mortgage rates
will stay at 3.125%?
Taxes in homes plays a big part as well.
Long Island taxes are quite high now.
Commuting is a killer also.
Convenience is key.
Fact: For decades now those who moved to Florida,
almost 38-42% come back.
Moving to Long Island, 18% come back.
Capital Gains is killing homeowners today.
And if you sell your Home for over $1 Million
dollars today, usually buyers get hit with an extra
$25,000 dollars Mansion Tax on top of their down
Thinking of selling, call a very experienced Broker,
Jim Turano of Diverse Real Estate.
Know the real value of your home.
Know your closing costs you will incur.
with 42 years in the business, I can guide you from
beginning to end.
Jim Turano 347-837-9206
I have completed over 4,000 written appraisals
Google my name.
Hire a Professional.