What are the tax implications of selling my home?
When you sell your primary residence, you may owe capital gains tax on your profit, but many sellers qualify for an exclusion. You’ll need to know your original cost basis, improvements, selling expenses, and how long you lived in the home to see how much gain is actually taxable. Because rules can change and vary […]
How do I sell a home on well water?
For well water, buyers want proof of safety, capacity, and reliability. Get water quality testing done and provide results along with well logs, permits, and pump or pressure tank service records. Highlight clean test results, recent equipment upgrades, and lower utility costs compared to city water, and be ready to explain routine maintenance.?
How does the capital gains tax exclusion work for home sellers?
If you meet IRS ownership and use tests, you may exclude up to 250,000 in gains (500,000 if married filing jointly) on the sale of your main home. Generally, you must have owned and lived in the property for at least two of the last five years and not used the exclusion on another home […]
How do I sell a home near a flood zone?
Selling near a flood zone means leading with transparency and preparation. Get a current flood zone certification, know insurance costs, and gather any mitigation improvements (drainage work, raised systems, flood vents) to show buyers risk is managed. Price with insurance costs in mind and highlight resilience upgrades and benefits of the location to keep the […]
How do I sell a home with fire damage history?
With fire history, you need complete disclosure and proof of proper repairs. Provide permits, contractor invoices, and any city sign-offs showing structural work, electrical, and safety items were done correctly. Decide whether to finish all cosmetic work or sell at a discount to an investor, but always mention that damage has been professionally addressed.??
How do I sell a home with unpermitted additions?
Unpermitted additions require clear disclosure and smart strategy with buyers and lenders. Gather any plans, contractor info, and estimates for bringing the work up to code. You can either legalize the addition before listing, price the home as if the space is “bonus” only, or offer credits for a buyer to handle permitting.?
How do I sell a home with encroachment issues?
You can sell a home with an encroachment as long as you fully disclose it and document the situation. Order a current survey, gather any existing easements or boundary agreements, and work with a real estate attorney if needed. Adjust price or contract terms to reflect risk, and be prepared for lender or title company […]
How do I sell a condo versus a single-family home?
Selling a condo means emphasizing amenities, HOA services, and low-maintenance living, while a single-family home focuses more on privacy, yard space, and flexibility. For condos, prepare HOA documents, fees, and rules upfront and highlight security, pools, gyms, and walkability in your marketing. For single-family homes, lean into lot size, parking, storage, and future expansion potential.??
How do I sell a townhouse in a competitive market?
Townhouses can shine in a competitive market when you position them as the best blend of space, price, and low maintenance. Focus on curb appeal, modern interiors, and any shared amenities while pricing strategically based on recent nearby sales. Use professional photos, strong online marketing, and flexible showing times to stand out.
How do I sell a multi-family property?
Selling a multi-family property is all about the numbers—buyers want rent rolls, leases, expenses, and vacancy history. Prepare clean financials, highlight upside potential (rents, improvements, value-add), and price based on cap rate and local investor demand. Market on investor-focused platforms and work with an agent experienced in income property sales.