The truth about capital gains tax when you downsize in Tampa Bay

capital gains tax downsizing Tampa Bay home sale

There’s a misunderstanding about the “$250,000 exclusion” that I hear constantly, and your cost basis is a big part of that picture. People think it means: if my house sells for more than $250,000, I owe taxes. That’s not what it means. Not even close. This confusion is keeping people from making moves they’re financially … Read more

What Happens When One Spouse Wants to Sell the House and the Other Doesn’t?

woman signing divorce papers Florida home sale

A quitclaim deed is one of the most misunderstood documents in real estate, one of the most common calls I get goes like this: “He wants to stay and I want to sell.” Or the reverse: “She wants to keep it, but I need to move forward.” You’re ready. The house isn’t, because your spouse … Read more

The Real Math on Moving Your Stuff vs. Selling Everything Before You Relocate to Tampa Bay

moving stuff vs selling before relocating to Tampa Bay

Before they pull out of the driveway, almost every family moving to Tampa Bay from the Northeast asks the same thing: is it worth paying to ship all this, or should we sell it and start fresh? The honest answer: for a lot of people making this move, the numbers are closer than you’d expect. … Read more