| Home
Improvement |
| An important
part of the ownership of a home is the preparation for its eventual
sale. A good example of this is maintaining records of any capital
improvements that you make to the house, since the value of these add
to the basis of your house. When your house has sold and all proceeds
have been collected, your capital gains will be based on the
difference between the sales price (less any selling expenses) minus
the adjusted basis. |
|
|
After Closing and Settlement |
| An
understanding of the elements of and players in the closing, as well
as a concise preparation for it, will eliminate many nervous hours as
the day approaches. |
|
