With the 2025 election season heating up, former President Donald Trump is proposing a sweeping new tax reform bill, calling it his “big, beautiful tax bill.” While most of the media focus has been on its political implications, this proposal could have a major ripple effect on the U.S. housing market — including in places like Rockford and surrounding Illinois communities.
If you’re thinking about selling your home in Rockford or nearby areas like Belvidere, Machesney Park, or Hoffman Estates, here’s what this bill could mean for you — and what to watch out for.
What’s in the “Big Beautiful Tax Bill”?
Trump’s proposed tax reform centers around lowering capital gains taxes and expanding deductions for property owners. While the details are still being debated, there are a few housing-related elements that stand out:
- Reduced capital gains taxes – This could incentivize more investors to sell properties they’ve been holding.
- Expanded deductions for home sellers – Especially for those who make energy-efficient upgrades or hold long-term properties.
- Encouragement of new development – Which could lead to more housing supply in certain markets.
On the surface, this sounds like good news — but it’s more complicated when you dig into the numbers.
Why Prices Could Dip in 2025
The CNN article points out a key issue: if enough sellers are incentivized to offload properties (especially investors trying to capture gains before any policy shift), the market could experience a surge in housing supply. And when supply rises faster than demand? Prices soften.
This is already showing in some markets, and Rockford is no exception. Inventory is rising, and many homes are sitting longer — especially those that need repairs or aren’t priced competitively.
If you’re planning to sell in the next 3–6 months, it might be smart to act before this policy shift takes hold and affects buyer behavior.
What Illinois Homeowners Should Know Before Selling This Summer
We buy houses in Rockford and surrounding cities, and here’s what we’re seeing:
- Buyers are more selective — Homes that need work are getting passed over unless priced aggressively.
- “As-is” properties still move — if priced right — If you can’t afford repairs, selling your house as-is in Rockford is still a strong option.
- Cash buyers are more cautious — Investors are factoring in potential price dips when making offers.
If you’re wondering whether now is the right time, check out our guide on selling inherited houses in Illinois.
What This Means If You’re a Landlord
If you’re holding on to a rental, this bill might seem like a green light to sell — especially if your tenants are behind or the property needs work. But you’ll want to weigh that against potential pricing pressure.
Read: How to Sell a Rental Property with Tenants in Rockford
As a cash home buyer in Illinois, we’ve helped landlords in this exact situation — looking to exit the market while prices are still relatively high.
Final Thoughts: Should You Sell Now or Wait?
While no one can predict the future, here’s what we do know:
- If this bill passes, we’ll likely see more homes hit the market.
- That means more competition and potentially lower offers down the road.
- Acting now — while inventory is still relatively low — could help you sell your house fast in Rockford before the market shifts further.
At Modern Times Homes LLC, we buy houses fast, as-is, and with no commissions. If you’re ready to explore your options, give us a call or fill out the form on our site. We’ll walk you through the process and give you a no-pressure, fair offer that reflects the current market.
📞 Call us today at 815-974-0359 or visit ModernTimesHomes.com to get started