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Time to Move >When Your House Gets Too Big
As the Baby Boomers of the 1950s send their children off to college, they join the part of the market called "empty nesters". At this point they no longer need six bedrooms and three baths, a family room and a gigantic yard. Many "empty nesters" are trading in the family home for something that is smaller, easier to maintain and has the amenities that are important to their more carefree lifestyle.
If you are considering such a move, start out by consulting a good Realtor whom you like and trust. The good news is--- when you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. These capital gain exclusions apply whether you "buy up" to a more expensive home or "buy down" to a less expensive one. If you are moving downtown from the suburbs in order to be close to cultural centers, theaters and restaurants, there may be "quality of life" issues, such as noise or parking. Your Realtor can help you find a home that has all the conveniences and amenities you desire.
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| Q |
In what 2003 comedy does a very large family move to a new house on Forest Avenue in Evenston, Illinois?
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| A |
"Cheaper by the Dozen", starring Steve Martin, was actually filmed in a house in Los Angeles near the Farmer's Market. |
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The Jeff Silva Team
Keller Williams Real Estate
910 Harvest Dr. #100
Blue Bell, PA. 19422
Office: 215-646-2900
Direct: 215-664-1010
Fax: 215-664-1011
Email: ForSale@TheJeffSilvaTeam.com
Thank you for visiting our site. The Jeff Silva Team has been successfully helping buyers and sellers for the last 5 years and we pride ourselves on providing the highest level of professionalism and customer service possible. We are 100% committed to ensuring a smooth and enjoyable real estate experience!
Jeff Silva - PA and NJ Licensed Realtor -- PA License # RS271228; NJ License # 0570813
JoAnn Silva - PA Licensed Realtor -- License #RS280995
Michael Maerten - PA Licensed Realtor -- License #RS291382
Darcy Scollin - PA Licensed Realtor -- License #RS291005
Terence Scollin - PA Licensed Realtor -- License #RS307675
Megan Guidi Cleary - PA Licensed Realtor -- License #RS306475
Francesca Lorenz - PA Licensed Realtor --License #RS296399
Information deemed reliable but not guaranteed and is subject to errors and omissions.     
 
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