RLM Properties Real Estate Blog

The real estate market has been a real struggle for those who got in the game late 05 early 06.Are you are holding on to properties hopping for things to turn around this year? You may want to look at the amount of holding costs you will incure while holding the property over the next 2-5 years for prices to turn around. Unless there is a tax benefit it would be best to drop the price and sell the property nd take the loss this year. Check with your accountant about the tax benefit of selling now and spreading the loss over the following years.

Posted by Roger Moore on March 3rd, 2007 7:16 PMPost a Comment (0)

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Roger L. Moore Lic. Real Estate Broker  

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