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Trying to avoid capital gains taxes

My son has lived in a house that is in my name for over 10 years. I live in another residence. Both properties are in my name. My son is wanting to sell the property he lives in he has been paying the mortgage. I am able to sell it and buy the new house with all the money I get from the sale. Is there a way to avoid all the capital gain taxes

5 Answers

How do I dlsell my half of a shared mortgaged property

I am in a fha loan with my dad, and I want to sell.... how can I do that???

8 Answers

What is the main difference between getting pre-approved and pre-qualified for a mortgage?

I'm just starting my home search in Atlanta and I've seen both terms used by different lenders. I want to make sure I have the right paperwork ready before I start making offers on houses in this competitive market. Does one carry more weight with sellers than the other when submitting a bid, and what documents should I have ready for the lender?

11 Answers

Can I ask my listing agent to help with staging or do I need to hire a separate professional?

I’ve heard that staging can make a huge difference in how a home looks in photos and during open houses. I’m not sure if this is a service that most full-service agents provide as part of their marketing package or if I should expect to pay an outside consultant. I’d like to know what the typical range of staging support looks like when working with a professional real estate agent in a competitive suburban market.

9 Answers

How can I tell the difference between cosmetic issues and serious structural problems during a walkthrough?

We have toured several older homes that have a lot of charm but also show signs of wear like uneven floors and small cracks in the plaster. Since we are first-time buyers, it is hard for us to know which issues are just surface-level fixes and which ones indicate expensive foundation or roofing repairs. We want to be able to spot major red flags before we spend money on a formal home inspection.

8 Answers

Can I negotiate for a later closing date or a rent-back agreement with the buyer?

My family is currently in the process of building a new house, but the completion date has been pushed back by several weeks due to construction delays. We have a solid offer on our current home, but we need to ensure we have a place to stay until the new build is ready for move-in. I am wondering how common it is to ask a buyer to stay in the home for a month after the official closing date. What is the best way to bring this up during the initial negotiations so it doesn't complicate the sale?

5 Answers

Do I really need a 20% down payment to qualify for a conventional mortgage in today's market?

My spouse and I are looking at starter homes in the Midwest and have been saving up, but reaching that 20% mark feels very far off with current home prices. We've heard there are programs for lower down payments, but we're concerned about how that affects our monthly payments and private mortgage insurance. We'd like to know what common options exist for buyers with good credit but less cash.

8 Answers