Tax implications of selling real estate
Capital Gains Tax on Real Estate: When Do You Pay, and When Do You Get an Exclusion? One of the most common questions sellers ask is: "How much of my profit is the government going to take?" When you sell a property for more than you bought it for, the IRS considers that profit a Capital Gain. Gen
Understanding Mortgage Points: Should You Pay to Lower Your Rate?
Understanding Mortgage Points: Should You Pay to Lower Your Rate? When you are shopping for a mortgage, you will inevitably hear a lender ask: "Do you want to pay points to get a lower rate?" In a high-interest rate environment, the offer sounds tempting. Who wouldn't want a 6.5% rate instead of a 7
Top 5 Ways to Increase Your Home's Value for Under $10,000
Top 5 Ways to Increase Your Home's Value for Under $10,000 When you are getting ready to sell, the goal isn't just to make your house look nice—it's to get the highest possible return on every dollar you spend. Many sellers assume they need to drop $50,000 on a new kitchen to attract buyers. The t
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