The Primary Home Sale Tax Break Exemption To qualify, the home must have been your primary residence for at least two out of the five years before the sale. These don't have to be consecutive years. Both the IRS and Massachusetts are in sync on this one and offer a significant tax break called the Home Sale Exclusion, which allows single filers to exclude up to $250,000 of the gain from Continue Reading
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Boston Area Fall 2022 Market Update
Greater Boston Real Estate Market Remains Stronger Than Much Of The Country While headlines are shouting about a declining real estate market the fact is that statistics show that, unlike many U.S. cities, there is still a severe shortage of properties for sale in most of Greater Boston Boston's communities. We are still a long way from an oversupply of homes for sale and the 3 to 6 month Continue Reading
Home Buying in Massachusetts – The Massachusetts Difference
Home Buying in Massachusetts - The Massachusetts Difference By Sam Schneiderman, Principal Broker-Owner of Greater Boston Home Team Buying a home in Massachusetts is different than in most other states. So, if you've bought or sold a home in another state, this section is dedicated to you. A real estate transaction in Massachusetts typically costs more than in other states and can be Continue Reading