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To Sell or Not to Sell…That is the Question…
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To sell or not to sell, that is the question… I’m sure you have probably heard that the real estate inventory is very low in LoCo. We’re not alone: it’s so low in Nashville a friend of ours wrote they are desperately seeking sellers. This morning, I read a Wall Street Journal article about declining housing inventory and it got me…
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Hello LoCo… the “Goodbye Tax” is Back (Updated)
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Last Saturday, the Virginia General Assembly passed a new transportation bill (HB 2313) to help fund the states road systems. Part of the package is a 250% increase in the Grantor’s tax, the tax all Virginians pay when they sell a home or business property. About 4 years ago Heather wrote about the reduction of the Grantor’s…
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Say Goodbye to the “Goodbye Tax”! (Updated)
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Yesterday, the Virginia Supreme Court ruled that the creation of a regional transportation authority to levy taxes was unconstitutional. The tax that the Northern Virginia Transportation Authority had imposed raised the ‘grantors tax’ paid by home sellers in Northern Virginia from $1 per thousand of the sales price or assessed value (whichever is higher, of…
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Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.
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