Some homeowners must pay capital gains taxes when they sell their home. Capital gains are taxes on profits made from selling an investment. Capital gains taxes apply to the sale of a primary residence or vacation home. Some homeowners must pay capital gains, others do not. Knowing the circumstances under which capital gains are applied and how to avoid paying capital gains can help homeowners save their money when they buy a property.
For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.
When Do Capital Gains Taxes Apply to A Real Estate Sale?
Homeowners who are selling their primary residence are allowed to make a modest profit (up to $250,000) on the sale of their
A mortgage is a loan that helps a Kansas City home buyer purchase a house. Mortgages come in different types, including federally backed mortgages like FHA loans, VA loans and USDA loans. Mortgages also come in "conventional" types, meaning that the lender is not protected by the federal government if the home buyer defaults on payments. This assumes the loan continues to be held by the lender and not sold to another entity and/or Fannie Mae or Freddie Mac. When compared to federally backed loans, conventional loans have some advantages and disadvantages. Here's what home buyers need to know.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
When selling a home, there are many thins that homeowners can do to help make the home more appealing to buyers, and one of those things is staging. Staging is when a homeowner specifically decorates their home in order to make it appealing to a general audience in order to give buyers inspiration for what they can do with a home and how it may feel to live in it. Here are some staging tips homeowners can keep in mind when preparing to sell their home.
Keep the Home Clean
While this may seem obvious to most people, it’s always good for homeowners to see a reminder to keep their Independence home for sale clean. It’s easy to let a home get messy, especially when selling when everything gets so hectic with balancing showings, real estate
Selling a home can involve a lot of paperwork. Every home sale is different, but homeowners who have their paperwork properly assembled during the listing and sale process may find their real estate transaction easier to manage. Everything from documents regarding home improvements to warranties and sale receipts for new appliances can become helpful. Here are a few sets of documents or papers that home sellers may need when selling their homes.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
If a home seller has had a survey of their property in the past, they may use this document to clearly show the boundaries of the property