gary: Understanding Indiana Capital Gains in Real Estate
- 02/18/07 04:46 AM
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 is true with selling a home (or a second home), but there are some special considerations.How to Calculate GainIn real estate, capital gains are based not on what you paid for the home, but on its adjusted cost basis. To calculate this:1. Take the purchase price of the home: This is the sale price, not the amount of money you actually contributed at closing.2. Add Adjustments: Cost of the purchase-including transfer fees, attorney fees, … (0 comments)
gary: Northwest Indiana Real Estate Services
- 02/18/07 04:39 AM
We can help recommend the following: 1. Real Estate Attorney2. Appraiser3. Home Inspector4. Mortgage Loan Officer5. Environmental Specialist6. Lead Paint Inspector7. Radon Inspector8. Tax Advisor9. Sanitary Systems Expert10. Occupancy Permit Inspector11. Zoning Inspector12. Survey Company13. Flood Plain Inspector14. Termite Inspector15. Title Company16. Insurance Consultant17. Moving Company Serving Cedar Lake,Crown Point,Dyer,East Chicago,Gary,Griffith,Hebron,Hammond,Highland,Hobart,Lake Station,Leroy,Lowell,Merrillville,Munster,New Chicago,Schererville,Schneider,Shelby,St. John,Whiting,Winfield,Beverly Shores,Burns Harbor,Chesterton,Kouts,Michigan City,Ogden Dunes,Portage,Valparaiso,Westville,Wheeler,LaPorte,Long Beach in Northwest Indiana Real Estate Market http://www.willemsrealtors.com/ … (0 comments)
gary: Northwest Indiana Home Buyer 101
- 02/16/07 05:18 AM
1. Find a real estate agent that's simpatico. Homebuying is not only a big financial commitment, but also an emotional one. It's critical that the agent you chose is both skilled and a good fit with your personality.2. Remember, there's no "right" time to buy, any more than there's a right time to sell. If you find a home now, don't try to second-guess the interest rates or the housing market by waiting. Changes don't usually occur fast enough to make that much difference in price, and a good home won't stay on the market long.3. Don't ask for too many … (0 comments)
Serving Cedar Lake, Crown Point, Dyer, East Chicago, Gary, Griffith, Hebron, Hammond, Highland, Hobart, Lake Station, Leroy, Lowell, Merrillville, Munster, New Chicago, Schererville, Schneider, Shelby, St. John, Whiting, Winfield, Beverly Shores, Burns Harbor, Chesterton, Kouts, Michigan City, Ogden Dunes, Portage, Valparaiso, Westville, Wheeler, LaPorte, Long Beach in Northwest Indiana Real Estate Market
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 is true with selling a home (or a second home), but there are some special considerations.How to Calculate GainIn real estate, capital gains are based not on what you paid for the home, but on its adjusted cost basis. To calculate this:1. Take the purchase price of the home: This is the sale price, not the amount of money you actually contributed at closing.2. Add Adjustments: Cost of the purchase-including transfer fees, attorney fees, … (0 comments)
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