pasadena realtor: Understanding Capital Gains In Real Estate
- 10/20/08 06:25 PM
When you sell a stock, you owe taxes on your gain — the difference between what you paid for the stock and what you sold it for. The same holds true when selling a home (or a second home), but there are some special considerations. How to calculate gain in real estate, capital gains are based not on what you paid for the home, but on its adjusted cost basis. To calculate, follow these steps: 1. Purchase price: _______________________ The purchase price of the home is the sale price, not the amount of money you actually contributed at closing. 2. Total … (0 comments)
pasadena realtor: Pasadena Real Estate: Tips To Selling Your Home
- 10/15/08 01:19 PM
In a down market, whether you're selling a multi-million dollar mansion or a condo, pricing it well affects how long it sits on the market. When it's a buyers' market, time is of the essence, and the longer a house sits, the less it will eventually sell for. Especially if you have a high-quality property, don't be afraid to sandbag the listing price to garner more interest. Chances are the money you lose here will be less than if you listed it higher and subsequently reduced the price. Tip #1: Proper Pricing Economists, brokers and home sellers agree a mispriced … (7 comments)
When you sell a stock, you owe taxes on your gain — the difference between what you paid for the stock and what you sold it for. The same holds true when selling a home (or a second home), but there are some special considerations. How to calculate gain in real estate, capital gains are based not on what you paid for the home, but on its adjusted cost basis. To calculate, follow these steps:
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