A half-truth that has been flying around the Internet for a while now and probably will continue is all real estate transactions will be taxed at 3.8% in 2013.
If you knew a 3.8% real estate tax was on the way and you were thinking about selling your Spring Texas house, you might put your house on the market in 2012 to avoid the tax. But wait … don’t rush to list your house just to avoid a real estate tax until you learn the facts.
Here’s the FACTS:
Real world example:
For more examples of the 3.8% Medicare tax download a brochure from the National Association of Realtors. If you have further questions about the tax implications of selling your Spring Texas home, please consult your tax accountant.
My family and I have moved many times and have had several realtors in various locations. Jill Wente is hands... read moreMy family and I have moved many times and have had several realtors in various locations. Jill Wente is hands down the best real estate agent in Spring Texas and certainly the best we have ever used. She has represented us as a buyer and seller and then most recently a buyer again the Spring TX area. She helped us figure out what would fit our needs today and what our needs would be 5 and 10 years from now. She was always thinking about future resale value and guided us in the process of making a wise financial decision. She negotiated hard for us and treated our money as if it was her money. She was always available and worked around our schedule. If you are looking for someone with unparalleled knowledge of the Spring TX area look no further, she’s the one you want on your side. I LOVE our new home but if I ever move again, Jill Wente will be who I call. read less