On ThinkGlink.com, selling typically refers to selling a home, whether that home is a single-family house, a condominium, a co-op, a townhome, or a vacant piece of land. When you’re selling your home, or any piece of real estate, you need to decide what process you want to follow – whether you want to hire a real estate agent or do a for sale by owner (also known as FSBO). Selling includes, cleaning up and organizing your home, figuring out what the selling price should be, hiring the team you’ll need to sell your property (which might include an agent), potentially staging the home, negotiating the sale and closing on the transaction. Selling also includes getting the word out that your home is for sale by using every marketing means possible, including setting up an individual website for the property, listing it on Craigslist.com, Zillow.com and other sites, telling people at work or in your neighborhood that the property is for sale, and even placing a sign in your front yard. Use
Selling Half A Home
If a home is in two owner's names, either one could sell their half of the home to anyone. But it is unlikely that anyone would want to buy a half of a home. Either owner of the home can bid to purchase the home from the other or the some can be sold to the highest bidder with the proceeds from the sale being split between the owners of the home.
Selling Your Home: Set A Realistic Fair Price
When your planning to sell your home, set a realistic, fair price. Greed for more money can often get in your way when selling your home. One of the ways to make sure you sell your home at a fair price is to take the emotion out of selling your home and figure out the least amount of money you'd be satisfied with getting.
Home Repairs And Improvements Before Selling
When selling a home, you have to consider whether to do home improvements or repairs. That decision will play into whether you want to sell your home in "mint" or "as is" condition. Mint means ready to move in, while as is means it needs some home improvement or home repair. Obviously, mint condition homes sell for more while you might be able to find a deal on a home sold as is.
Hire Real Estate Attorney When Buying Or Selling
When should you hire a real estate attorney? States do not require real estate attorneys to participate in buying or selling transactions so it's up to you. It's a good idea to hire a real estate attorney when you're not familiar with the nuances of a buying or selling contract for real estate.
Selling Off A Portion Of Home Lot
A homeowner selling a portion of their lot and continuing to live in their current home wants to know what capital gains will need to be paid on the sale. You are not required to pay capital gains taxes on the sale of residential property as long as you have lived in the home for 2 of the past 5 years. The capital gains exclusion is up to $250,000 if you're single and up to $500,000 if you're married.
Selling Commercial Real Estate And Tax Deduction
When you want to sell commercial real estate to a non-profit such as a church, the group may not be able to pay you full property value. What can the non-profit do to make the commercial real estate sale worth it for the seller? The group may be able to offer the seller a tax deduction in exchange for a cash contribution in addition to the property. It's important to involve an attorney in the transaction.
Real Estate Agents: Selling Your Home Requires The Best
What should you do if your real estate agent doesn't actively try to sell your home? It's best to take action quickly, which may mean firing your real estate agent, so you can get on with the business at hand -- selling your home. If you're working with a real estate firm, contact them first about problems with your real estate agent so they can help you find the right agent to help you sell your home.
Selling Rental Properties Tax Free
Want to sell rental properties tax free? A 1031 tax-free exchange is the best option for rental property. There are other ways to sell rental properties tax free, but 1031 exchanges represent the most viable method.