Since you don’t plan to convert the property into a rental, options like depreciation or 1031 exchanges aren’t available.Step up your cost basis: Add in eligible improvements you’ve made over the years (renovations, additions, even some closing costs).

Even then there may not be coverage unless the city forces you to remove the improvement. 

This turns a hard situation into win-win opportunities and gives agents an edge in finding inventory that other Realtors overlook.

For property managers and landlords — have you noticed a big difference between managing new builds vs. older inventory?

Both single-family and multi-family projects slowed.Minimize imageEdit imageDelete image👉 Why it matters: Inventory isn’t keeping up with household formation.

Even if market comes down, someone else with cash under the mattress will come out to place a floor on the downward movement. you cannot simply create more housing supply because commodity prices are stuck at elevated levels, and new builds will remain higher cost than existing inventory. 

It's a genuine skill that can be learned and improved on...something I am still working on every day!

This iterative process is an effort to improve to estimate’s approximation of what is actually happening in the economy, but also means the “final” number can change multiple times.It often does.The BEA releases 3 quarterly estimates for each quarter’s GDP: the advance estimate (typically about a month after the quarter ends), the second estimate (two months after), and the third estimate (roughly three months after).

An example is a retail center we owned that we purchased for $1,200,000 and put $200,000 into improvements.  

Many QI firms like ours will have calculators on their websites that can help you as well.The first thing you want to calculate is your adjusted cost basis, which is the purchase price plus capital improvements, minus depreciation.