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How does capital gains work when selling house?

I bought a cottage for 200,000 2 years ago if i sell for 300,000 do i only pay capital gains on 100,000?

Question posted by braves92@sbcglobal.net on 07/17/07
Total Answers: 1

selling house-anyone have any tips on helping it sell? I have already cleaned walls and normal everyday?

cleaning. I put floers out front and fake ones in the kitchen in a vase. I have lots of candles and incents and if someone is fixing to come look at it I put cinnamon and cloves on the stove top and let it boil for a good smell. Any other ideas? I appreciate all your help! floers=flowers

Question posted by 1st-time-mommy on 01/06/07
Total Answers: 7

Selling house for the oak hardwood?

I know someone who told me that there are people that will buy old houses to strip them of the hardwood, solid doors etc. Any idea how to go about finding people interested in doing this?

Question posted by bamm on 07/29/08
Total Answers: 3

Selling house how long from offer to completion?

I have seen conflicting timescales from offer to completion on a usual mortgage type deal. 2 weeks to 8 weeks have been suggested, Whats your experience, whats the reality.?

Question posted by Curly Top on 02/13/08
Total Answers: 9

Tips on how to make your house sell quick besides selling it for cheap?

Want to sell house fast, what types of things to do inside home for showings...

Question posted by margaret on 08/13/06
Total Answers: 13

Does REALTOR know the % of how long it takes for and FSBO to Realtor selling house?

I know there is a % like it sells 80% faster than if you are selling it on your own does anyone know the percentage that is; I know its really high thanks

Question posted by Csi Fan 33 on 01/14/08
Total Answers: 6

Selling House Inspection Report To-Do List Bathroom Floor?

Hello, eight days before we where supposed to close our buyers dropped out because they decided they could not afford the payments. (Long story, but it was a breach of contract and my lawyer is handling that now). Anyway, now my house is back on the market. Now I am trying to turn a negative into a positive. I took the home inspection they had done and had all the plumbing things on there fixed. Now the only thing left is one of the bathroom floors. I have an area between the toilet and the tub that has buckled and the ceramic tiles including the sub-floor will need to be replaced. It is not noticeable unless an inspection is done. It will cost about 700 to fix. Should I just have it done or wait until it comes up in the inspection and give the buyers a credit? We don't have much money since we have been stuck in a double mortgage situation because of these buyers. The house is in great condition new roof, siding, windows etc... What should I do?

Question posted by subzerobears on 08/20/07
Total Answers: 11

have you ever been in this extremely complicated situation when selling your house?

mam and dad owned a house then they divorced mam got 33% of house mam remarried mam died before collecting her share now her widow gets 1/3 of her 33% (legally entitled but not morally seen as he had nothing to do with the house!) dad gets engaged wants to move before getting remarried needs to sell houses (his and his fiance's) has to wait till my mams widow (dads ex wife's boyfriend) recovers from depression/alcoholism before my dad can organise either giving him his 1/3 of the 133% or waves his rights before my dad can move have you ever been in a similar circumstance? have you ever been in a complicated circumstances when trying to move? what was it?

Question posted by viva le Eire! on 10/03/07
Total Answers: 6

I want to get into real estate without selling house?

I want to find a job in real estate but I don't want to sell houses. What are my other options for a job in this field. I will be going to classes to my license. Thanks

Question posted by kdaisy1012 on 04/14/07
Total Answers: 6

After selling a house how much income tax do you pay?

Alaska selling house for 190k, to pay 107k mortgage that gives me 83k i don't know anything about tax can you help me estimate??

Question posted by ♥Come Break Me Down♥ on 08/27/07
Total Answers: 7

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