While no one has a crystal ball, the current Hilton Head Real Estate Market offers sellers some excellent opportunities this year. There is no reason to kick the ball down the street and wait until next year to sell. In fact, if you are listed for sale and or thinking of selling, you may want to consider these selling reasons in 2012.

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The Medicare Tax is a 3.8% tax that goes into effect January 1, 2013 and it does not apply to all Hilton Head owners.  Only “high income” owners with Adjusted Gross Incomes(AGI) of more than $200,000 for individuals or more than $250,000 for married couples will have to deal with this new tax. As well, it does not apply to principle residences under $500,000 held jointly or $250,000 for a single.  We suggest checking with your financial counselors to see if it is beneficial to sell before this new tax is put into place.  The reason it is called a Medicare Tax is that this money will be allocated to the Medicare Trust Fund that is part of the Social Security System.

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