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Time to Move >Advantages of Buying Down

Your youngest child has just left home! Your present house now seems enormous. Your "empty nest" has prompted thoughts of selling your home and moving to a smaller, more manageable house.

Before you make a move, you should consult two important professionals--your real estate agent and your tax planner. A good real estate agent will be able to tell you the value of your current home and the availability of alternative houses in your preferred area.

Buying a smaller home or condo can have important advantages, such as lowering your property taxes, simplifying property maintenance, and generating cash which can be put into income-producing investments. You will also want to consider the tax laws which allow capital gain exclusions 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 real estate agent and your tax planner can provide valuable information to assist you in making such decisions.

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Nancy Schwiesow and Paul Schwiesow, REALTOR®, real estate agent and broker for Silver Spring and Bethesda Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Nancy Schwiesow and Paul Schwiesow
Long and Foster Real Estate
4650 East West Highway
Bethesda, MD. 20814
DIRECT - Best Contact #: 301-215-6845
Home Office: 301-587-8458
Fax: 301-907-6610
Office Number (Main): 301-907-7600
Email: nancyandpaulschwiesow@NUMBER1EXPERT.com
Experts in homes for sale and real estate opportunities in Montgomery County MD and Washington DC. Primary market areas include Bethesda 20814 - Bethesda 20816 - Bethesda 20817 - Chevy Chase 20815 - Colesville 20904 - Garrett Park 20896 - Kensington 20895 - Leisure World - Potomac 20854 -Rockville 20850 - Rockville 20852 - Rockville 20853 - Sandy Spring 20860 - Silver Spring 20903 - Silver Spring 20905 - Silver Spring 20906 - Silver Spring 20910 - Takoma Park 20912 - Wheaton 20902 Washington DC - 16th Street NW - Crestwood 20011 North Capitol Hill 20002 - South Capitol Hill 20003 - Cathedral Heights 20016 - American University Park 20016 - Columbia Heights 20010 - Connecticut Avenue - Georgia Ave. - Mount Pleasant 20010 - Downtown 20036 - Dupont Circle 20009 - Logan Circle - Adams Morgan - Friendship Heights - Chevy Chase 20015 - Georgetown 20007 - U Street - Cleveland Park 20008 - Takoma Park - Foggy Bottom 20037 - Rock Creek Park - Military Road - Woodley Park

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