FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free! *Contact Information is NOT Shared*
Posted on June 20, 2019 - 12:04 PM
by Michael Bowen
At Equity Real Estate we know that real estate terms can sometimes be confusing. We are going to share with you some common real estate terms and their meanings to help give you a greater understanding when you are trying to buy or sell a home.
*Appreciation: an increase in the value of property.
Example: Abel sold for $100,000 land that he purchased 10 years ago for $60,000. During that time the amount of appreciation was $40,000.
Appreciation gains from investment property are generally subject to favorable capital gains tax rates.
At Equity Real Estate we are here to help you navigate the home buying and selling process. Give us a call with any questions!
*Barron's Real Estate Guides; Dictionary of Real Estate Terms