High-end homeowners rushing to beat 2013 tax increase?

From AOL Real Estate

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Some well-heeled homeowners are reportedly scrambling to offload luxury properties by the end of the year or else risk having a serious bite taken out of their bottom lines. That’s because if the Bush-era capital gains tax cuts expire in January, as they are expected to, those homeowners would be shelling out a lot more on sales.

Patty Lance, a Realtor at Coldwell Banker Previews International who handles listings in Newport Beach, Calif., said there’s such a rush to sell among silver spooners that she’s decided to target them by hosting webinars on the tax hike’s effect on home sales.