Tuesday, October 26, 2010
Real Estate News
Real Estate in the News! Under the "New Health Care Bill" - did you know that all real estate transactions after 2012 will be subject to a 3.8% Sales Tax? The bulk of these new taxes don't kick in until 2013. If you sell your $400,000 home, there will be a $15,200 tax. This bill will definitely impact the retiring generation who often downsize their homes.