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Finance & Legal Info

119 questions found

What's in the closing costs?

I bought a place before and feel like I paid a bunch of money for closing costs, but didn't know what it was for. I'm hoping to sell and buy a different place this spring, but I want to understand what I need to pay and make sure I have enough money for it.

Asked by Henry | Bentonville, AR | 03-01-2023 | 708 Views | Finance & Legal Info | Updated 3 years ago

How are commission rates split?

So, the seller usually pays the commission for both agents, right? Who determines the commission rate for the buyer's agent? Can the seller's agent get 2.5% and the buyer's agent get 2%? Or is it always split evenly?

Asked by Tony | St. Louis, MO | 02-27-2023 | 1,345 Views | Finance & Legal Info | Updated 3 years ago

What to pay attention when reading real estate agreement?

What should I pay attention to when reading a real estate agreement or contract? There's so many pages and so many details, I don't know what to look for or what's important.

Asked by Charlotte | Augusta, ME | 02-22-2023 | 1,155 Views | Finance & Legal Info | Updated 3 years ago

Do you need to report sale of real estate at a loss?

Do you need to report sale of real estate at a loss?

Asked by Brianna | Monroe, LA | 02-17-2023 | 902 Views | Finance & Legal Info | Updated 3 years ago

Are home improvements tax deductible when selling a home?

Just wondering if I should do some home improvements before I sell. Would they be tax deductible or is there any kind of tax benefit?

Asked by Will | Waterbury, CT | 02-08-2023 | 1,268 Views | Finance & Legal Info | Updated 3 years ago

How to avoid capital gains tax on real estate?

Hi, How do I avoid paying capital gains tax on real estate? We're planning to move, rent for a bit to see what neighborhood is best for us, and then buy a home. It might take a year or so before we buy our next home. But we don't want to pay capital gains tax. Is there a way to avoid this?

Asked by Carol | Glenview, IL | 02-06-2023 | 1,064 Views | Finance & Legal Info | Updated 3 years ago

Do I get my earnest money back?

Help me understand earnest money. What is it? Why do I need to pay it? Does it go towards my home purchase? What if I back out, do I get that money back? Clearly I need some help in understanding how this works. Thanks.

Asked by Peter G | Phoenix, AZ | 01-20-2023 | 1,600 Views | Finance & Legal Info | Updated 3 years ago

Is sale of real estate from a trust taxable?

If we sell a property that is in a trust, do we have to pay taxes? And who is responsible for the taxes, the trust? Thanks

Asked by Tido V | Galveston, TX | 01-20-2023 | 1,431 Views | Finance & Legal Info | Updated 3 years ago

How to report real estate sale on tax return?

I sold a property last year and need to report it. How do I report a real estate sale on my tax return?

Asked by Carl B | St. Louis, MO | 01-19-2023 | 969 Views | Finance & Legal Info | Updated 3 years ago

If I put my house on the market for sale will it stop my property tax auction?

If I put my house on the market for sale will it stop my property tax auction

Asked by Jamie Waymire | Sattelite Beach, FL | 01-14-2023 | 739 Views | Finance & Legal Info | Updated 3 years ago