Whether you have been in your house for six months or six years, the value is constantly changing due to a variety of factors. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that it’s important to know your home’s worth to make an informed decision about selling it. Selling a home in less than a year can be expensive because you are essentially repeating the process when you originally bought the home, but possibly without much appreciation in value. This includes paying all the fees associated with commissions, closing, and related transaction costs. This is why time is usually needed to help balance out these expenses. Check out below to see what sold in Chase Farms in August 2022:
22015 Chase Drive Novi: 4 bedrooms, 2.2 bathrooms, 2,840 sq. feet, 3.5 car garage, Sold Price: $675,000
Chase Farms Home Sold
August 2022
A home is typically considered a capital asset by the IRS and can be subject to taxes when you own it for a short period of time as it appreciates. Determining the taxes you owe can be complex and it’s often recommended to seek out the advice of a seasoned tax professional. For more information on Chase Farms, or similar Northville or Novi neighborhoods such as Brooklane Ridge, Cascades of Northville and Bradford of Novi, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.