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In central Ohio, the commission is often 3% of the sales price to each. A seller, for example, would pay a total of $18,000 ($9,000 to agents on each side) on the sale of a $300,000 home.
Using the same example: If you sold your house for $650,000, but had a cost basis of $500,000, your capital gain would be $150,000. That gain would be below the taxable threshold, married or single.
Repair. Cost. Foundation issues. $2,000 – $25,000. Electrical systems. $100 – $2,500. Roof repair. $950 average. Roof replacement. up to $8,000. Water heater repair
You can sell your primary residence and avoid paying capital gains taxes on the first $250,000 of your profits if your tax-filing status is single, and up to $500,000 if married and filing jointly.
A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
Think twice before you go to sell your house “as is.” Unless you’re in a pinch with time or money, it’s best to invest in making your house the best it can be, so you can make the most ...
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