Just don't forget about it when figuring profit

Sign up, and you'll be able to customize your font size and more! Sign up

Report problem with this ad

Jul 27, 2016
7:06:10am

johnnycarson All-American

Just don't forget about it when figuring profit

Report problem with this ad

johnnycarson

Bio page: johnnycarson
Joined: Nov 21, 2005
Last login: Jan 17, 2022
Total posts: 92,585 (10,302 FO)

Report problem with this ad

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

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

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

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad