Costs of Selling Your Salt Lake City Home!
Deal Or No Deal
By Tammy Stoner, FrontDoor.com
When preparing to sale your home in Salt Lake, Draper, Holladay, Sandy or South Jordan it pays to look at the complete financial picture so you are ready to deal. Make a list of the costs of selling your house including:
After you detail the costs of selling, you might be wondering how anyone makes any money. Well, one of the biggest perks of any house sale is the lack of capital gains tax (assuming you have lived in the residence for two of the last five years). The government allows for a write-off of up to $250,000 gained in the sale of your home for a single owner, and $500,000 for married couples. This applies for most state taxes as well; check with your accountant to be sure.
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