Sure, real estate can be a gamble sometimes.  But when Emily called us to sell her home that we sold her, it wasn’t just a gamble, but a game of Craps.  As we were putting our plan together, we learned that if we didn’t close by the end of the year, that Emily would be subject to $29,000 in Capital Gains tax.  Our knee jerk reaction…Crap! (see what I did there?) We have less than 30 days to plan, list, get under contract and close.  Oh, aaaaaand only the biggest holiday of the year is in there AND on a Tuesday, so we lose two more business days.  Aside from the pun, here’s where this really did become like a game of CRAPS…

 

In the game of Craps, a player makes a wager on the outcome of the roll, or a series of rolls, of a pair of dice.  Players may wager money against each other or the house (there’s a few more details, but follow me…).  Sure, we knew that was a roll of the dice.  But we had a strategy, we confidently bet on our ability to get this done in time and we WON! Saving Emily $29,000 in taxes.  And we even closed EARLY!