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School Reports in Bend, Sunriver and Central Oregon, Oregon

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Time to Move >Advantages of Buying Down

Your youngest child has just left home! Your present house now seems enormous. Your "empty nest" has prompted thoughts of selling your home and moving to a smaller, more manageable house.

Before you make a move, you should consult two important professionals--your real estate agent and your tax planner. A good real estate agent will be able to tell you the value of your current home and the availability of alternative houses in your preferred area.

Buying a smaller home or condo can have important advantages, such as lowering your property taxes, simplifying property maintenance, and generating cash which can be put into income-producing investments. You will also want to consider the tax laws which allow capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. If you are moving downtown from the suburbs in order to be close to cultural centers, theaters and restaurants, there may be "quality of life" issues, such as noise or parking. Your real estate agent and your tax planner can provide valuable information to assist you in making such decisions.

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Q	Where is the world's largest wine cellar, and how big is it?
A	A company in the center of the wine-growing district of South Africa has a cellar that covers an area of 54 acres and has a capacity of 27 million gallons.
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Team Sherrer, REALTOR®, real estate agents and broker for Bend, Sunriver and Central Oregon, Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Team Sherrer
Coldwell Banker First Resort Realty
PO Box 4306
Sunriver, OR. 97707
Phone: 541-593-7023
Fax: 541-593-7622
Email: beverlysherrer@NUMBER1EXPERT.com

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