November 4, 2011 rummy

Unfortunately, too many times, sellers leave great sums of money on the table when they are held in reserve, unwilling or unable to correctly prepare their home for sale. Unless you are in a situation of severe distress, money wise, there really are no excuses to not making your home “Market Ready”. It starts with de-cluttering, cleaning and staging your home and making sure that everything is in working order and good repair. You must keep in mind that buyers will almost always overestimate any type of repair or needed update and want to deduct the perceived cost from the…

August 15, 2011 rummy

Www.FreeNyHomeSearch.com Here are the IRS’s top 10 tax tips for home sellers: 1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.
 2. If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases).
 3. You are not eligible for the exclusion if you excluded the gain…