FSBO Selling A Home Fast Q: I'm a FSBO selling a home fast in Colorado. Do you have any tips or suggestions on how to do it quickly and efficiently? I've already tried listing it on some popular real estate websites, but I haven't had much luck. I'm thinking about working with a local real [...]
Family Money Home Renovation: Brother Fails to Pull His Fair Share in Home Renovation Q: I entered into a contract with my brother to renovate a house. The agreement was that we would be reimbursed for what we paid to renovate the home and then split the profit equally. The house was a disaster. I [...]
Selling a home outside the U.S.? You may owe taxes to the IRS. Q: I sold my house in my home country of Guatemala last year for around $90,000. The buyer paid me half of the sales price by wire transfer to my United States bank account. The other half was paid to me to [...]
How to manage inherited property split between siblings. This reader wants to either buy his sister out or sell the property, but she refuses. Q: My boyfriend’s mother died several months back. He wants to either buy his sister out or sell the property, but his sister has refused his verbal requests to buy her [...]
How do I avoid capital gains tax for jointly owned property? This reader wants to know how best to go about using the home sale exclusion when they sell the property. Q: My wife and I own our home jointly. The home has appreciated substantially in the 25 years we have owned it to the [...]
How to calculate profits and taxes on a home sale. This reader wants to know how to determine profits, costs and taxes on a home sale. Q: I have a question about selling your home and trying to determine the cost basis for tax purposes. Is the profit the difference between the sale price of [...]
What should I do if I don’t qualify for the full home sale exclusion? This wants to know if they have any other options to reduce taxes on the home sale. Q: We're a French family moving back to France next year. I read that a married homeowner who has lived in his principal residence [...]
Do you need a real estate agent to buy or sell a house? These readers bought their home and sold a vacant lot without the help of any real estate agents. Q: My husband and I sold a vacant lot in Texas this past year without any agents being involved. We have followed the market [...]
How to resolve title issues. This reader sold one property but the closing attorney used the legal description for two and they need to get it fixed. Q: Earlier this year, I sold my house through a real estate company. I then moved next door to a rental home I own. A few months later, [...]
Do I have to pay tax on property sold overseas? This reader wants to use funds from the property sale to invest in real estate in California. Q: I own a piece of real estate overseas and I’ve owned it for quite some time, even before I became a U.S. citizen. I would like to [...]
