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This tax guide provides tips for taking full advantage of a law that creates an unusual opportunity to amass a substantial amount of money over a lifetime. Provided they have lived in a home for more than two years, homeowners can avail themselves of the “Exclusion of Gain from Sale of Principal Residence,” which allows them to exclude from capital gain taxes up to $500,000 from the sale of a home. Important regulations related to the law are discussed, including married persons rules, strategies for claiming exclusions, and the effect of divorce on exclusions. Detailed accounts of new IRS regulations are also addressed.
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How to sell a home without a broker for maximum profit in minimum time
FSBOs (for sale by owners) are one of the quickest- growing methods of home sales in the business.
For Sale by Owner: A Complete Guide is the most up-to-date, comprehensive guide available to selling a home independently. It covers all the bases, arming readers with:
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Have you ever wanted to sell your own home? Jennifer Wake is banking $45,000 from selling her home solo. This nurse by night, For Sale By Owner by day, says, “It really paid off.”
The For Sale by Owner Handbook guides you step-by-step through the home-selling process. It gives you inside real estate trade secrets to sell your home like a pro.
A team of national leading experts-pros from: “Trading Spaces”, Oprah Winfrey’s magazine, Better Homes & Gardens, Country Living, House Beautiful, “This Old House”, Yale University, University of California-Berkeley, New York University, American University, and the Fannie Mae Foundation (just to name a few!)—take you by the hand and teach you how to:
• Sell your home for the best price
• Make your home irresistible to buyers
• Negotiate contracts with ease (sample real estate contracts included)
• Hassle-free closing
• How to make sure buyers are financially qualified to buy your home
• How to get your home listed on the MLS (Multiple Listing Service)
• And every single step along the way
In addition, there are numerous interviews with national experts, including:
• Real estate agents – successful home-selling tactics
• Attorneys — provide legal advice and contract tips
• Interior designers — to make your home look more spacious
• Home inspectors — What you want to see, what you don’t want to know (see the sample inspection report)
• Appraisers, mortgage lenders, title insurance pros, home warranty experts, termite inspectors, and more.
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