Tax Tips for Divorcing Homeowners

February 4th, 2015 Categories: For Sellers, Random Thoughts

If you’re getting divorced, your home may be the biggest asset you’ll have to divide with your soon-to-be ex. As you decide whether to sell it and split the proceeds or let one spouse live there until the last kid launches, remember there’s often a third party involved in your home sale transaction: Uncle Sam.

Keeping, selling, or continuing to share your home can each create different federal tax tabs for you and your ex-spouse. Here’s a look at the tax consequences for six of the most common situations divorcing couples face.

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6 Tips for Choosing the Best Offer for Your Home

January 15th, 2015 Categories: For Sellers, Random Thoughts

You’ve worked hard to get your home ready for sale and to price it properly. With any luck, offers will come quickly. You’ll need to review each carefully to determine its strengths and drawbacks and pick one to accept. Here’s a plan for evaluating offers. Read the rest of this entry »

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Do’s and Don’ts of Homebuyer Incentives

January 11th, 2015 Categories: For Sellers, Random Thoughts

Be sure you’re sending the right message to buyers when you throw in a homebuyer incentive to encourage them to purchase your home.

When you’re selling your home, the idea of adding a sweetener to the transaction — whether it’s a decorating allowance, a home warranty, or a big-screen TV — can be a smart use of marketing funds. To ensure it’s not a big waste, follow these do’s and don’ts:

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These articles are not intended to give legal or tax advice, and you should consult your attorney or financial advisor for additional information.

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