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The Seattle area is one of the hottest RE markets in the country right now & actually has been for some time. You live a bit south of there, but I imagine Lacey's market is doing well also - as you imply. Some of the market is controlled by factors like availabilty of land for building additional real estate. Where I live the availability of land is very restricted. I would look at factors like that. The Fed is projecting low rates for the forseeable future. Things like this might mean holding onto RE a bit longer may not be a loosing proposition. Remember you need to give Uncle Sam 15% of the captial gain along with your state penalty if any. The other thing(s) in the equation is/are what you intend to do with the money from the sale. If you have an intended target that will meet financial or life time goals, it may not matter a lot if you wait to sell. Ideally the profits will go toward something that will serve you well into the future.
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Marv Evans
'69 911E
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