To avoid paying, make sure to include provisions for the sale of the home in your divorce decree to preserve the marital capital gains exclusion if you sell the house after the divorce is finalized. The potential for trouble comes if you’re the spouse who stays in an expensive house, and...
The exclusion amount when you owe capital gains tax primarily depends on how long the house was used as a rental instead of a primary residence. However, it is important to note that the portion of the gain that is attributable to depreciation recapture cannot be excluded. ...
Home buyers wanting to purchase a short sale must have patience. In most cases, when a buyer makes an offer on a house, he receives a response from the seller within a few days, or even hours. With a short sale, the bank must approve of the sale and bank representatives are overloaded...
Additionally, a separate broker's open house brings agents to the house to discuss the price, view the home and think about clients who would be interested in it. As the home seller, never be present during the open house. Let your real estate agent take the reins, which allows potential...