Which is more accurate: Zillow’s Zestimate or Redfin’s Estimate?

Accuracy matters a lot in this arena because many buyers and sellers use the online estimates to price their homes or make purchase offers, literally handing sellers or buyers the estimates as part of their bargaining strategy. This is despite both companies’ warnings that these are not appraisals, only algorithm-based computer estimates. 


Homeowners don’t pay capital gains when they sell their primary home

The 2-Out-Of-5-Year Rule

Unmarried individuals can exclude up to $250,000 in profit from the sale of their main home. You can exclude $500,000 if you’re married. To qualify, you must have lived in the home for a minimum of two out of the last five years. Click on the link below for more details on this incredible US tax exclusion windfall!


Keeping 2019 rental rates reasonable in the Philadelphia market

Are you monitoring real estate trends at a national level? What holds true in your local market? How does this information apply to your neighborhood? The best security we have to ensure smart decision making in any economy is staying informed. At Mercworks Realty we monitor housing and rental trends closely across southeastern Pennsylvania so we can make calculated and timely decisions with all of our clientele.