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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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Q	Over what famous building is aircraft forbidden to fly at any time?
A	No aircraft is permitted to fly over the Taj Mahal in India.
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Brian Guffey & Associates, REALTOR®, real estate agent and broker for Atlanta Buckhead, Atlanta Ansley Park and Atlanta Midtown, Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

Brian Guffey & Associates
Keller Williams Realty Atlanta Midtown
1420 Peachtree St., Suite 100
Atlanta, GA 30309
404-636-0995
Fax: 404-636-0031
Brian@BrianSellsAtlanta.com

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