TechTablets › Forums › Teclast Forums › General Discussion › Are age restrictions a reason why our property values are not rising?
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GeraldSmith.
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April 15, 2025 at 12:39 pm #241116
I spoke with a source today who gave me a clear explanation of why the builder’s new Plainview property has an advantage over us, home sales-wise.
In addition to the obvious fact that the community is 12 to 15 years newer, there is this new tax benefit which is now given to people buying new homes.
A $1,000,000 apartment that was going to have almost $40,000 in taxes received the tax break which includes $12,000 in taxes the first year and rising 12% each successive year for a total of 8 years.
So, instead of paying $40,000, the homeowners will pay $12,000, $13,440, $15,052, $16,859, $18,882, $21,148, $23,685, $26,528 in each of the first 8 years. That is quite an incentive.
Additionally, they have the same benefit we had when we moved into MP. The first two years are tax free and then the $12,000 process starts.
What I could not definitively figure out was whether a resale of such a home would allow the new buyer to get those reductions or be stuck with the $40,000 bill which would likely kill their resale values.
April 15, 2025 at 12:41 pm #241117That tax incentive is definitely a huge advantage for new builds, especially for first-time buyers or investors watching their bottom line. If resales don’t carry over the same tax benefit, that could absolutely impact long-term resale value — especially when buyers compare options side by side. Age restrictions could also limit your buyer pool, making newer, unrestricted developments more attractive overall.
It might help to consult professionals experienced in property management in San Jose to see how they evaluate similar trends and navigate resale challenges. They often have great insight into how incentives and restrictions play out over time.May 28, 2025 at 2:31 pm #241863I got a house in North Carolina from my uncle (he lived there for the last few years), but I have neither the desire nor the ability to do repairs or travel there. I live in another state. I’m thinking of selling it as is, without spending money on paperwork and so on. Are there any companies or people in NC that buy houses directly, without unnecessary red tape? Share your experience if anyone has encountered this. I’m afraid of running into something unreliable.
May 29, 2025 at 10:01 am #241893If your goal is to avoid repairs, showings and all that endless running around with agents, it is worth looking at companies that buy real estate in cash and work directly. Pay attention to this company 800cashtoday, they have a clear scheme of work: fast valuation, no commissions, and most importantly – no requirements for the condition of the house. Even if you have an old barn or shack with a history, it won’t be a problem. Here’s where you’ll find more information on how to sell my house fast north carolina . Unlike a standard realtor sale, this is all about simplicity and transparency.
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