Do I Need to Pay Tax on Selling a Home? | Zillow
WEBNov 25, 2019 · If you’re selling a second home or don’t qualify for a capital gains exclusion on your primary home, your taxable income is your net proceeds minus your cost basis. So if your net proceeds are $270,000 and your cost basis is $250,000, you’ll be responsible for capital gains taxes on $20,000 of profit. At the 15% capital gains tax rate ...
Buying a Foreclosed Home: What You Need to Know | Zillow
WEBAug 10, 2016 · Many auctions require bidders to bring a certified check for $5,000 made out to the auction company to show legitimate intent. In some cases, a percentage of the winning bid is required on the day of the sale. Make sure you research auction requirements in your state before bidding on a foreclosure. And …
FHA Loans: A Comprehensive Guide to Federal Housing ... - Zillow
WEBMay 12, 2017 · An FHA loan is a type of mortgage that is popular with first-time buyers. FHA loans are government-backed and insured by the Federal Housing Administration. Because the program protects the lender if borrowers default on the loan, qualification criteria like credit score and down payment are lower than other …
How Much is My House Worth? Free Home Value Estimator | Zillow
WEBA Zestimate is Zillow’s estimated market value for a home, computed using a proprietary formula including public and user-submitted data, such as details about a home (bedrooms, bathrooms, home age, etc.), location, property tax assessment information and sales histories of the subject home as well as other homes that have recently sold in the area.
Real Estate Contingencies for Buyers: 9 Must-Know Contingencies
WEBApr 17, 2022 · Most real estate transactions include contingencies. In fact, 98% of buyers said they included a contingency in at least one of their offers, according to the Zillow Group Consumer Housing Trends Report 2022. Contingencies work to the buyer’s advantage, so they might include multiple contingencies on their offer.
How to Get Your House Ready to Sell: A Checklist | Zillow
WEBNov 25, 2019 · Get paperwork in order. When it comes time to sell, you’ll need copies of permits for past renovation work, home warranty documentation, land surveys, tax bills and utility bills. Assemble these in advance so you don’t have to go digging around right as you’re preparing to list.
First-Time Home Buyer Programs: Explore 2024 Grants and Loans
WEBSep 12, 2024 · These programs typically work in conjunction with loan programs such as those offered by the FHA, VA, USDA, Fannie Mae and Freddie Mac (more on first-time buyer loan options later). If you qualify for a down payment assistance program, your state or local municipality will distribute funds, most commonly in the form of a second mortgage.
Sell Your Home: 4 House Selling Options - Zillow
WEBSell your home yourself. Deciding to sell your home yourself is referred to as for-sale-by-owner (FSBO). The FSBO process is similar to traditional selling, but without the help of a real estate agent. In this case, you’re responsible for the home prep, marketing, showings, and negotiations. Post your home for sale. Learn more about FSBO.
How to Sell a House As-Is When it Needs Repairs - Zillow
WEBNov 26, 2019 · Here are a few tips to make the most of your fixer-upper listing: Focus on the positives: Even if your house needs some improvements, things like the location, lot size, and floor plan can be big selling points. Price it appropriately: Pricing your home is a bit of an art form. Make sure you know if you’re selling in a buyers or a sellers ...
Affordable Rental Housing: The Basics | Zillow
WEB4 days ago · The U.S. Department of Housing and Urban Development (HUD) considers housing affordable if your rent or mortgage payment consumes no more than 30% of your household’s income. If you’re paying more than 30% of your income on housing, HUD considers your household “cost burdened.”. Because the cost of housing varies across the country, HUD ...