Financial Aspects of Selling a Home

Selling a home requires a lot of paperwork and will likely have important tax consequences as well. Make sure you understand all details of this busy time and what’s required of you as the seller.

The Internal Revenue Service website has a lengthy list of tax tips you should follow once you’ve sold your home. Learn about capital gains and losses and other financial consequences of home sales.

Generally, the responsibility of having a home inspected falls to the home buyer. However, learning beforehand what an inspector will look for can help you fix any problems that could delay your sale.

Protect your financial interests by paying close attention to the legal and financial details of the selling process.