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FOUR GOOD REASONS FOR THEM TO NOT WAIT TO SELL
 
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4 REASON TO SELL NOW

 

November, 2010 – Selling a property in this tough market can seem like a challenge. Here are four factors that acttually make this a good time to post a For-Sale sing.

1.- Sell low and buy low. Because all property values are down, the loss on the property a home owners sells is really only a paper loss because the nex property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he´ll be in better shape.

2.- Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first time home buyers. Programs vary all over the country, but one good way to find them is to search online for "down-payment assistance programs" and the name of your area.

3.- Reduced capital gains taxation. Capital gains obtained in Spain by individuals, resulting from assets acquired before 1994 is calculated as the difference between the transfer value and the acquisition value (updated). From the capital gains thus calculated, a differentiation is made of the part generated before 2006, pursuant to the rules established in the Ninth Transitory Provision of the Personal Income Tax Law. Reduction percentages are applied to the part of the capital gains generated before 2006 according to the nature of the assests or right and the number of years of permanence in excess of two, rounded up, elapsed between the acquisition date and 31st December 1996.

4.- Good help is available. Really talented real estate paractitioners, contractors, and designers are available and eager for business.