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 …

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