If the house is later sold for $240,000, a 20 percent gain, the home seller will have doubled his initial investment.
The change should benefit home sellers in most areas.
But the new law with its bigger exemptions will be more beneficial for most of these older home sellers.
Generally, the practice allows home sellers to get a higher price.
Moreover, the cost will be minimal since few home sellers today pay capital gains taxes anyway.
A lot of home sellers never even file the proper forms.
OH, what a beautiful spring, comes the chorus from home sellers.
Real estate professionals who are willing to provide only those services a home seller wants have emerged in Missouri and throughout the country.
So, agents are doing whatever they can to keep home sellers from paying less.
Whether you're a first-time home seller or not, you probably have a bunch of questions.