Related topics
Selling real estate is stressful. After the ink has dried on the deed and you've dropped your house keys into the hands of the new owners, the thought of refocusing on your job and other life responsibilities may seem like a tropical vacation. The last thing you want to do is worry about another real-estate- related to-do list.
Here's a carrot to keep you reading: The ten items in this chapter can save you big money and preserve your peace of mind. So, if you're looking for an incentive to get you through some of these loose-end-tying tasks, think about more cash.
At the closing for your property's sale, you're going to be buried in an avalanche of paperwork. After you dig yourself out, you may just want to run away from it all. Avoid this temptation! You have to keep copies of all those papers for the good ol' IRS. Next time you file your taxes, you may need documentation for the expenses and proceeds of the sale. And even if you don't have to file any additional forms with your tax return, hold onto this paperwork in case you're ever audited.
- Keep Proof of Improvements and Prior Purchases
- Stash Your Cash in a Good Money Market Fund
- Double-check the Tax Rules for Excluding Tax on Profits
- Cast a Broad Net When You Consider Your Next Home
- Remember That Renting Can Be a Fine Strategy
- Reevaluate Your Personal Finances When Things Change
- Don't Simply Rehire Your Listing Agent When You Repurchase
