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Jul 26, 2016
10:33
:06
pm
titlecoug
All-American
For capital gains? Or what?
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titlecoug
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titlecoug
Joined
Dec 7, 2011
Last login
May 23, 2024
Total posts
13,468 (4,985 FO)
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Messages
Author
Time
Home seller noob question. When I sell a house, is my net profit simply a
srey
7/26/16 10:31pm
For capital gains? Or what?
titlecoug
7/26/16 10:33pm
No tax. You'll have to pay a realtor probably
johnnycarson
7/26/16 10:33pm
That's a part of closing costs though, isn't it? Also, are there usually
srey
7/26/16 10:35pm
Standard home mortgage probably doesn't have early termination penaty
cougarfann888
7/26/16 10:36pm
Just don't forget about it when figuring profit
johnnycarson
7/27/16 7:06am
Why would you need to know your "net profit"?
MormonDevil
7/26/16 10:35pm
Maybe that's the wrong terminology. I'm trying to figure out how much I'll
srey
7/26/16 11:45pm
Another term is 'net proceeds'.Equity is normally unrealized, where proceeds are
BYUFBDAD
7/26/16 11:58pm
This is Srey's house for sale for anyone interested
HansMoleman
7/26/16 10:43pm
Really like the master suite
Thunder Buddy
7/26/16 11:21pm
One of the highlights of the property!
HansMoleman
7/26/16 11:44pm
You could make that an LDS/pioneer themed bed and breakfast.
WDaddy
7/27/16 6:37am
Not always a profit, the amount you're left with is called equity.
BYUFBDAD
7/26/16 11:43pm
Thanks.
srey
7/26/16 11:45pm
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