Ads
related to: forms for selling your own home
Search results
Results from the WOW.Com Content Network
If you’ve owned and lived in your home for at least two out of the previous five years before selling it, you will not have to pay taxes on any profit up to $250,000. For married couples filing ...
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.
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.
If you make over $250,000 in profit when selling your home (or $500,000 if you’re married), you’ll want to be cognizant of your capital gains tax liability.
After gaining some years of experience in real estate sales, a salesperson may decide to become licensed as a real estate broker (or Principal/qualifying broker) in order to own, manage, or operate their own brokerage. In addition, some states allow college graduates to apply for a broker's license without years of experience.
A skilled real estate agent can help you sell your home, likely more quickly and for more money than if you tried to do it on your own. On the other hand, a majority of agents charge a commission ...
Ads
related to: forms for selling your own home