A Home-Seller's Guide to Minimizing Excise Tax

Hey there, Washington State home sellers!

This area of the state is a beautiful place to reside, but there are also some expensive pitfalls that come along when selling your home. Many first-time home sellers in Washington are unaware that, as a property seller, you are required to pay a minimum of 1.5% in taxes, known as an "Excise Tax," when your home sells. This tax is unavoidable and reduces the equity you receive, putting it into the pocket of Clark County. For example, if your home sells for $500,000, you can expect to pay a minimum of $7,500 in this tax, in addition to commission and title fees associated with the selling process. A significant portion of the profit you've built up over the years will be taken from you.

It is for this reason, among many others, that I offer a flexible commission structure for sellers to offset this unavoidable fee. Throughout my 30-year real estate career, my philosophy has been to ensure that sellers retain as much of their home's equity as possible while still providing above-average service. This includes marketing, professional photography, an online presence for your home, and, most importantly, EXPERIENCE. 95% of my business over the past three decades has come from past clients and referrals because people who work with me know they will receive my undivided attention from start to finish in a real estate transaction, always having their best interests at heart.

Feel free to give me a call at (503)997-7870 or reach out online to see how my commission structure can help you keep more money in your pocket, deservedly allowing you to spend or invest it as you see fit.