It all depends on the owners request. I ask my owners whether they want showings to be handled through me, through my office or directly to the owner. If you do not want to be called directly, then tell your agent that. No matter which way it is done, someone needs to contact you to get approval to show if you are still living in the home.... more
Price, location and condition all factor in how quickly a home sells. It at least two of these are met, for cash deal could close in 2 weeks. Traditional financing about 30 days. This is market time. Thanks for asking, Sue... more
Talk to your accountant since their are rules when you became a widow as to the tax gains? Does the lot give the house value? When the lot is included in the price does it put the price out of reach for most buyers? These are the questions that we cannot answer and your agent should be asked. Good Luck, Tom... more
This si not an easy question to answer because it is a complex question and there are a lot of if's and unknowns from the in formation provided. Although most informed Realtors will know the basics and be able to help you with some basic tax questions you should talk to a qualified tax consultant. You will only have capital gains on the lot if sold seperate unless you have not lived in the home for 2 of the last 5 years. The $250,000 is the amount over what you paid for the property originally and you can also take away from that gain any capital improvements, costs of purchase and cost of sale. If you sell the properties seperately you will not be able to claim the $250,000 exemption. If you do end up paying capital gains it is taxed at the rate of 15% of the gain. If you can get more that 15% more by seperating the lot off then it might be worth doing. I suspect that you'll want more than just enough to cover the taxes.
If you are looking for some good real estate advise I would only recomend a certified residential specialist(CRS). I know many CRS agents in the Portland area if you would like me to refer a great agent to you.... more