Condo Conversations

Jan. 30, 2026

Taxes and Downsizing

1. Capital Gains Tax  Exclusion on Sale of your Primary Residence.

Major Benefit:

If the property you're selling was your primary residence, federal tax law lets you exclude a big chunk of profit from capital gains tax, even if it appreciated substantially. 

Up to $250,000 of gain …

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Feb. 27, 2025

Condo Reserves

Reserves

Understanding Condo Reserves in Michigan: 

Why they matter to Buyers and Sellers

If you're considering purchasing a condominium in Michigan, one important factor that often gets overlooked is Condo Reserves. Many Buyers and Sellers focus on the price, HOA fees, and amenities but may not realize how crucial …

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