Selling a home is one of the most significant financial transactions we can undertake in our lifetimes. Amidst the excitement of moving onto a new chapter, it can be nerve-wracking, as it’s both a financially and emotionally complex process.
When you’re in the midst of it all, it can be easy to overlook critical considerations, but we’re here to make sure it goes as smoothly as possible. That’s why we put together a checklist to help guide you through the complexities of selling your home. Some items to consider include:
- Preparing yourself for the sale of your home, and having a plan on what to do with the proceeds afterwards.
- Figuring out your initial cost basis, and understanding whether any adjustments to your cost basis need to be made.
- Determining the extent of any gain/loss, and whether you may qualify for any exclusion of capital gains on the sale of your home.
- Understanding how the sale of your home may affect other tax planning goals.
- And more!
Whether you’re a seasoned homeowner or a first-time seller, this checklist serves as a valuable roadmap, ensuring you’re well-prepared for every step of the process.
As you prepare to take this significant step, don’t hesitate to reach out to our team of financial advisors. You’re welcome to schedule a complimentary consultation using the link below. Bautis Financial is here to help you secure a brighter financial future.
Bautis Financial LLC is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.