Do I have to pay taxes on inherited real estate?

The bottom line is that if you inherit property and later sell it, you pay capital gains tax based only on the value of the property as of the date of death. Example: Jean inherits a house from her father George. … Her tax basis in the house is $500,000. How can I avoid paying …

Read more

Is it normal to have doubts about buying a house?

A: A last minute wobble is completely normal and I see many buyers go through it. Buying a property is a huge commitment, both financially and emotionally, so it’s understandable to have doubts as the reality gets closer. … This can be a really helpful reminder of just how great the property you’re buying is. …

Read more

Can Brits buy property in Spain after Brexit?

Whether you are an EU citizen or not, you still have the right to buy property in Spain after Brexit. The costs of buying a property remain the same whatever your nationality and, broadly speaking, include purchase tax, a Notary’s fee, a property registry fee and your lawyer’s fees amongst other miscellaneous expenses. What will …

Read more

What states does NY have reciprocity with real estate license?

Applicants for a salesperson license by reciprocity must be sponsored by their home-state broker who must also hold a current New York State broker license. Reciprocal states include: Arkansas, Colorado, Connecticut, Georgia, Massachusetts, Mississippi, Oklahoma, Pennsylvania and West Virginia. Can I use my NY real estate license in other states? No matter which state you’re …

Read more

Can a real estate agent have an S Corp?

Many real estate professionals choose to designate their LLCs as an S corporation, known as an S corp, for tax purposes. While this move can lead to significant tax benefits, it also comes with an added level of responsibility. Can realtors be an S corp? As a California real estate agent, can I open an …

Read more

How much does it cost to build a 3000 house?

How much does it cost to build a 3000 ft house? According to HomeAdvisor, the average cost of building a new home is $100 to $200 per square foot.…The cost to build a house, per square foot. Square feet Average cost 2,500 $250,000 – $500,000 2,700 $270,000 – $540,000 3,000 $300,000 – $600,000 4,000 $400,000 …

Read more

How much does a realtor make in Missouri?

The average salary for a real estate agent in Missouri is around $48,920 per year. What does an average realtor make in Missouri? The average salary for a real estate agent is $70,689 per year in Missouri. How much is Missouri real estate commission? Even though the standard real estate commission in Missouri is 5.92%, …

Read more

Who are the top selling Realtors?

Which realtor sells the most homes? Meet Ben Caballero, a Realtor® and broker in Addison, TX, who was just recognized as achieving “the most annual home sales transactions through MLS by an individual sell-side real estate agent.” And we’re not kidding—the number of sales he’s racked up in a single year will blow your mind. …

Read more

You asked: Can you buy a house upfront with cash?

Can you buy a house with cash? You absolutely can buy a house with cash, providing you have the funds upfront to hand over to the seller. But like anything, it comes with its own advantages and disadvantages. Is buying a house in cash a good idea? Paying cash for a home eliminates the need …

Read more