That Time of Year

I don’t profess to know where the housing market is headed in the short run (Psst!  Neither does anyone else).

However, if you sold a house through me last year, and just left me a message, I’ve got a pretty good guess what it’s about.

That would be the HUD-1, or closing worksheet, which shows what Buyers and Sellers paid and received, respectively.

For Sellers, it’s the starting point for calculating any capital gains tax due on sale.

I’d estimate that about half my former listing clients call Feb-March each year to get an extra copy.

And, if the client sold a home that they’d been in living in for a couple decades, that number jumps closer to 90% (it’s harder to keep track of everything after that much time — plus, there’s objectively more to keep track of).

P.S.:  While I decline to make short-term housing forecasts, I do have a a longer range housing market prediction that I share freely:  ‘home prices will be higher (in the future).’

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

Leave a Reply