What Is Earnest Money?

Buying a home in California can be expensive. You need to have enough money saved for a down payment, as well as future mortgage and utility payments. Closings costs, earnest money and other expenses may also be required for the transaction.

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When You Sell A Home, What Do You Pay?

Sellers are required to pay certain costs during the transaction. Costs can vary depending on where you live, the type and size of house being sold and local and state laws and regulations. These expenses should be taken into account when putting your home up for sale.

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Is It Considered Income When You Sell A House?

One thing that many sellers are concerned about is the money made from the sale of a home. It’s nice to have a fair amount of money that can be put towards the purchase of another home, a retirement property or other big-ticket items. However, the transaction may be subject to state or federal taxes.

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