One of the biggest concerns I hear from homeowners considering a Coatesville Short Sale is the potential tax consequences. While selling your home can certainly be a scary situation it is important to know that your short sale agent is here to help. The Matt Fetick Real Estate Team has been closing short sales for years and will make sure you understand the Coatesville Short Sale process before listing your home.

One of the great parts about The Matt Fetick Real Estate Team is there are no upfront fees. If you have questions about the taxes related to a Coatesville Short Sale Matt and his team can sit down and discuss your unique situation without any out of pocket expenses. Matt can also fill you in on whether or not you qualify for the Mortgage Debt Relief Forgiveness Act. This Act of Congress allows a homeowner to avoid the taxes incurred from selling your home for less than what it is worth. The difference between the selling price of your home and the balance of your mortgage is actually considered to be income and therefore will require a w-2 from the IRS. With high home prices at the top of the market we have seen thousands and thousands of dollars being forgiven every day through a Coatesville Short Sale. If it weren’t for the Mortgage Debt Relief Forgiveness Act this could mean a huge tax bill waiting for you at the end of the year. The Matt Fetick Real Estate Team also has a CPA on staff with experience consulting short sale clients and will lay out all of your tax options when selling your distressed property. Having a CPA on staff will help provide peace of mind and assurance that a Coatesville Short Sale is the right option for you.

If the potential tax consequences are holding you back from a short sale please contact The Matt Fetick Real Estate Team today to learn about your unique state of affairs. Matt and his team are here to help the community and want to help you find the best option for your distressed property.